Oracle Named ERP Leader for Third Consecutive Time in Gartner Magic Quadrant
Oracle has been named a Leader for the third time in a row in the 2021 Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises.
In this Magic Quadrant, ten vendors were assessed against Gartner’s definition of composable ERP. The strategy provides a core of highly configurable, interoperable and flexible composable applications and software platforms as a service. Oracle has positioned itself at the highest level in terms of execution capacity on all axes of vision with its ERP platform, Oracle Fusion Cloud Enterprise Resource Planning.
According to the report, leaders are demonstrating a market-defining vision of how product-centric ERP systems and processes can be supported and improved by moving to the cloud. The report said Oracle combined this with a clear ability to execute its vision through products, services and go-to-market strategies.
âOracle has a strong presence in the market and is increasing its revenue and market share,â says Gartner.
âIn the cloud ERP suite market, leaders show a consistent ability to win contracts with organizations of different sizes. They must have a good depth of functionality in all areas of operational and administrative ERP. And must have proof of multiple successful deployments by customers. . ”
Oracle Senior Vice President of Application Development Rondy Ng says they continue to see Oracle Cloud ERP setting the standard and being the engine and the driving force behind their customers’ success.
âThrough it all, Oracle has remained focused on our customer-centric mission and continued to deliver the quarterly innovations our customers expect. Gartner’s leadership positioning for Oracle Cloud ERP is an honor we share with our customers.
According to Oracle, innovation is at the heart of its Oracle Cloud ERP, leading to contactless operations, continuous forecasting and an enhanced conversation experience. Oracle’s investments in machine learning and AI in each update are designed to empower CFOs and their finance and operations teams to shift to a strategic mindset by improving the user experience, increasing the efficiency and improving agility.
More than 8,000 organizations from all industries and geographies rely on Oracle Cloud ERP to manage their businesses. Oracle Cloud ERP offers a set of corporate financial and operational features, including finance, accounting center, purchasing, project management, business performance management, risk management, subscription management, supply chain management and manufacturing.
Oracle was recently named a Leader in the Gartner 2021 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises for the fifth consecutive year. The company was also named Customer’s Choice in Gartner Peer Insights Voice of the Customer: Cloud Financial Planning and Analysis Solutions, and a Leader in the 2020 Magic Quadrant for Cloud Financial Planning and Analysis Solutions for the fourth consecutive year.