For the second consecutive year, Gartner has named Oracle ERP Cloud a Leader in its 2018 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises. We're pleased to make this report available to our readers with our compliments.
Gartner assesses vendors' Ability to Execute by evaluating the products, technologies, services, and operations that enable them to be competitive, efficient and effective in this market, and that benefit their revenue, client satisfaction and retention, and general reputation.
Each provider's Ability to Execute is judged by its success in fulfilling its promises, using the following criteria:
In the Product or Service category, Oracle ERP Cloud is positioned in the top 3 highest scores in all use cases in the Gartner report, “Critical Capabilities for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.” Oracle received the highest scores for the Core Financials for Upper Midsize Enterprises, Core Financials for Large Enterprises, and Global Enterprise Financial Backbone use cases.
In the 2018 Magic Quadrant, Gartner positioned Oracle ERP Cloud highest for its ability to execute. We believe this is based on the product’s leading functionality, as well as Oracle’s global capabilities, financial standing, and strong partnerships.
Furthermore, Gartner’s Critical Capabilities report rated Oracle ERP Cloud above average in all areas of functionality citing improved year-over-year scores in financial analytics and reporting, accounts receivable, and general ledger coding structures.
But it’s not just product that provides a better customer experience. Over the past several years, as we have transitioned to a cloud company, Oracle has taken concrete steps to improve the customer experience—including accelerated buying cycles and customer success managers to help with every cloud project.
In the Critical Capabilities report, we believe Gartner recognized the advancements we’ve made in the way of deployment and integration. This is particularly important with ERP, as it connects to nearly every other enterprise system—including human resources, supply chain management, and customer experience. Oracle offers a complete, connected suite of software-as-a-service applications across all these lines of business—something that our competitors can’t match.
We feel that Oracle’s international presence and selling strategy are also recognized in the 2018 Magic Quadrant. This is especially important for global enterprises. The ability to do business in multiple languages, across many countries, and comply with regulations in every region, is critical for a global organization.
While not discussed in detail in either Gartner report, we believe innovation is at the heart of the Oracle Cloud. Our applications are updated every quarter with the latest emerging technologies, uses cases, and best practices built into the software. Your ERP is never out of date—something that an astonishing 81 percent of Oracle survey respondents cited as a top benefit of moving to ERP in the cloud.
As new technologies emerge, they will drive enormous efficiencies and process improvements:
Oracle already has offerings around each of the above technologies. Our nearest competitors only have roadmaps—and many don’t even have those.
Each of these technologies, on its own, has the power to transform the way we work. Together, they can build a business of the future that looks nothing like it does today.
Oracle ERP Cloud helps customers innovate today, with a focus on lowered cost, reduced time, and improved quality for better overall business efficiency. We help you predict tomorrow with meaningful insights based on trending data and desired behavior. And we help you shape the future with a focus on leading best practices to drive increased growth from existing and new revenue streams.
Oracle ERP Cloud is tomorrow’s ERP, today. We invite you to take a new look.
Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, John E. Van Decker, Robert P. Anderson, Mike Guay, 29 May 2018.
Gartner Critical Capabilities for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, John E. Van Decker, Robert P. Anderson, 31 May 2018.
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Oracle. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.