Oracle Fusion Cloud ERP recognized with the highest “Ability To Execute” and furthest right “Completeness Of Vision” positioning.
2021 Gartner® Magic QuadrantTM for Cloud ERP for Product-Centric Enterprises
Oracle today announced that it has been named as a Leader for the third successive time in the 2021 Gartner® Magic Quadrant for Cloud ERP for Product-Centric Enterprises for Oracle Fusion Cloud Enterprise Resource Planning (ERP). This Magic Quadrant, which evaluated ten 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.
This ERP offering covers all the core modules of an Oracle Enterprise Manager, including Accounts Receivable, Accounts Payable, General Ledger, Project Accounting, Purchasing, Inventory, Project Management, Quality Control, Web Commerce, Web Logging and Workforce Management. This Cloud ERP suite also offers more advanced and flexible features compared to other ERP systems. The following discussion highlights the benefits of Oracle Cloud ERP.
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.”
Innovation is at the heart of Oracle Cloud ERP, with a vision driving towards 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.
Oracle has garnered consistent industry recognition for its finance and performance management applications. Oracle was recently named a Leader in the 2021 Gartner “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises” for the fifth straight year. Additionally, Oracle was named a Customers’ Choice in the 2021 Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Planning and Analysis Solutions, as well as a Leader in the 2020 “Magic Quadrant for Cloud Financial Planning and Analysis Solutions” for the fourth consecutive year.
The primary advantage of Oracle Cloud ERP solution is that it supports real-time financial management, which allows integration of external systems.
Also, the system enables faster implementation, reduced cost, simplified maintenance, and improved efficiency. This is because of the support for artificial intelligence, which enables decision making process on the fly. It also supports data migration services, complete integration with Oracle Enterprise Manager, and machine learning features.
The financial reporting applications in the Oracle Cloud ERP suite are designed to provide easy access to financial data from any platform and at any time.
Oracle Cloud ERP solutions allow organisations to implement a flexible, full-featured ERP system while avoiding the costly adoption of custom ERP technologies. This is because of their use of readymade tools that can be easily incorporated with existing enterprise software solutions and reduce the cost of implementation.
The use of ready-made tools allows rapid implementation without the use of technical staff, training, and additional expenses, which are often associated with the adoption of new technologies. Oracle Cloud ERP solutions can help to realize organizations’ long-term objectives and enable them to successfully adapt to changes in the market.