Oracle has been named as a Leader in Gartner’s 2017 “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises” research report1. Out of 11 products evaluated, Oracle ERP Cloud is positioned the highest for both completeness of vision and ability to execute.
According to the report, “Leaders demonstrate a market-defining vision of how core financial management systems and processes can be supported and improved by moving them to the cloud. They couple this with a clear ability to execute this vision through products, services and go-to-market strategies. They have a strong presence in the market and are growing their revenues and market shares.
In the cloud core financial management suites market, Leaders show a consistent ability to win deals in organisations of different sizes and have a good depth of functionality across all areas of core financial management. They have multiple proof points of successful deployments by customers based in their home region and in other geographies. Their offerings are frequently used by system integrator partners to support finance transformation initiatives.”
“Transformation and innovation are top of mind for finance organizations. Customers are looking for best-in-class cloud solutions to help drive deep real time business insights, increase productivity, and lower costs,” said Rondy Ng, senior vice president, applications development at Oracle. “Oracle ERP Cloud is the only enterprise-grade solution on the market with the breadth, depth, security, scalability, and cutting-edge innovations to meet these demanding business needs. We consider our leader positioning by Gartner as validation of our product and service driven strategy and recognition of our commitment to our customers’ success.”
“When we started our finance transformation effort to modernize our systems infrastructure, we needed a flexible solution that reduced our cost profile, mandated standardized best practice processes, and accelerated our ability to uptake innovative technology,” said Matthew Trager, Head of Finance Business Architecture, Lloyds Banking Group. “Oracle ERP Cloud met these and all of our functional and security requirements, giving us the agility to react and grow in a hyper-competitive business environment.”
Oracle ERP Cloud includes complete ERP capabilities across Financials, Procurement, and Project Portfolio Management (PPM), as well as Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Supply Chain Management (SCM). Native integration with the broader Oracle SaaS portfolio for Human Capital Management (HCM), and Customer Experience (CX) offer customers a practical, business-driven, rapid adoption path forward.