Oracle Fusion Cloud Enterprise Resource Planning (ERP) earned Oracle the Leader status in the 2021 Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises. This is the third time the software company’s cloud offering made it to the global research and advisory firm’s list.
According to the report, “Leaders demonstrate a market-defining vision of how ERP product-centric systems and processes can be supported and improved by moving them to the cloud. They couple this with a clear ability to execute their vision through products, services, and go-to-market strategies. They have a strong presence in the market and are growing their revenue and market shares. In the cloud ERP suite market, Leaders show a consistent ability to win deals with organizations of different sizes. They have a good depth of functionality across all areas of operational and administrative ERP. They have proof of multiple, successful deployments by customers. Their system integrator partners frequently use their offerings to support business transformation initiatives.”
“We continue to see Oracle Cloud ERP set the standard and be both the driver and defining factor in our customer’s success in adapting to a dynamic business environment,” said Rondy Ng, senior vice president of applications development, Oracle. “Through it all, Oracle has remained laser-focused on our customer-centric mission and continued to deliver the quarterly innovations our customers have come to expect. Gartner’s Leader positioning for Oracle Cloud ERP is an honor we share with our customers.”
Inverting the ERP pyramid: New reality in the next normal
This Magic Quadrant, which evaluated 10 providers, “reflects Gartner’s definition of ‘composable ERP’. This strategy delivers a core of composable applications and, as a service, software platforms that are highly configurable, interoperable, and flexible, in order to adapt to future modern technology.” Oracle was positioned highest on the “ability to execute” and furthest on the “completeness of vision” axes. A complimentary copy of the report is available here.
Innovation is at the heart of Oracle Cloud ERP, with a vision driving toward touchless operations, continuous forecasting, and an enhanced conversational experience. Oracle’s machine learning and artificial intelligence investments in each update are designed to enable CFO’s and their finance and operations teams to shift to a strategic mindset by enhancing the user experience, increasing efficiency and improving agility to better respond to shifting market conditions and capitalize on new business opportunities.
More than 8,000 organizations across all industries and geographies rely on Oracle Cloud ERP to run their businesses. Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, and supply chain management & manufacturing. It is a self-updating platform that constantly provides customers with the industry’s most advanced technologies every 90 days, giving organizations the ability to build, innovate, automate, adapt and leverage new business opportunities on-demand.