On the 29th of January, an announcement was made by Oracle ERP Cloud; they have been named the Leader in Gartner’s Magic Quadrant research report for Cloud ERP for Enterprises that are Product-Centric and Midsize. Out of the 14 products that were evaluated, Oracle ERP Cloud has been listed as the only Leader in the analysis conducted by Gartner.
What is a Gartner Magic Quadrant report?
The Magic Quadrant (MQ) is a series that is published by the IT consulting firm Gartner. They are market research reports that rely on exclusive qualitative data analysis methods so as to demonstrate market trends, like direction, maturity, and participants.
Who is a Leader?
According to Gartner, leaders need to demonstrate a market-defining vision of how ERP product-centric systems and processes are supported and improved when moving them to the cloud. Combining this with their clear ability to execute their vision through their products, services, and their go-to-market strategies. These leaders will have a strong market presence and will be growing their revenues and their market shares.
Leaders in the cloud ERP suite market show a consistent ability to close winning deals with organizations of all sizes, include a good depth of functionality across all operational and administrative ERP areas. With multiple proofs of successful deployment by their customers who are based in their home region or elsewhere. System integrator partners frequently use their offerings to support the transformative initiatives of their business.
Why Oracle ERP Cloud?
Gartner’s focus, according to Rondy Ng the senior vice president of Oracle Applications Development, is on creating a manufacturing and supply chain solution that can be delivered natively on the Cloud and which helps organizations of all sizes and across varied industries in order to drive better business outcomes.
He further stated that they are proud to deliver on the promises made by them for Oracle ERP Cloud and they are pleased to be recognized as the sole leader in the report by Gartner.
Oracle ERP Cloud includes the complete ERP capabilities across;
- Project Portfolio Management (PPM),
- Enterprise Performance Management (EPM),
- Governance Risk and Compliance (GRC).
- Supply Chain Management (SCM)
- Broader Oracle SaaS portfolio with native integration for Human Capital Management (HCM) and Customer Experience (CX)
Oracle customers are offered a practical, business-driven and rapid adoption path forward. Oracle has garnered industry recognition through their broad portfolio of financial management and cloud offering plans.
Oracle ERP Cloud also named a Leader in Gartner’s Magic Quadrant for:
- Midsize, Large and Global Enterprises for Cloud Core Financial Management Suites
- Cloud Financial Planning and Analysis Solutions
- Cloud Financial Close Solutions
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