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Advice and Information for Finance Professionals

5 Great Reasons to Take a New Look at Oracle ERP Cloud

Lynne Sampson
Managing Editor

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.

Once again, Oracle ERP Cloud is positioned highest for Ability to Execute. Watch the following video to take a look at Oracle ERP Cloud.

How does Gartner assess "Ability to Execute"?

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:

  • Product or Service: This criterion assesses the product offerings that compete in the defined market. These may be offered natively or through OEM agreements and partnerships, as defined in the Market Definition/Description and detailed in any subcriteria. This Magic Quadrant evaluates functional capabilities in all areas defined in the Market Definition/Description, support for the needs of midsize, large and global enterprises, and the ease with which the cloud service can integrate with other cloud and on-premises applications.
  • Overall Viability: This criterion includes an assessment of the vendor's overall financial health, as well as the financial and practical success of the relevant business unit. It considers the likelihood of the vendor continuing to offer and invest in its product, as well as the product's position in its portfolio.
  • Sales Execution/Pricing: This criterion assesses the vendor's abilities in all presales activities and the structure that supports them. Included are deal management, pricing and negotiation, presale support, and the sales channel's overall effectiveness. Each vendor is also evaluated on its ability to sell to finance buying centers, such as CFOs and financial controllers.
  • Market Responsiveness/Record: This criterion assesses the vendor's ability to respond, change direction, be flexible and achieve competitive success as opportunities develop, competitors act, customers' needs evolve and market dynamics change. The market for cloud core financial management suites is dynamic, so this criterion addresses the vendor's ability to respond to users' needs and demands. This includes its responses to the demands of delivering core financial management applications in the cloud, which pose new challenges for both vendor and user.
  • Marketing Execution: This criterion assesses the clarity, quality, creativity and efficacy of programs designed to convey the vendor's message, in order to influence the market, promote a brand, increase awareness of products, and establish a positive identification in customers' minds. This "mind share" can be created by a combination of publicity, promotions, thought leadership, social media use, referrals and sales activities. Each vendor is also assessed on its ability to market its offering to finance buying centers, such as CFOs and financial controllers.
  • Customer Experience: This criterion assesses the vendor's products, services and programs in terms of how they enable customers to achieve expected results with the products evaluated. Considerations include the quality of technical support for vendor-buyer interactions and account support. Also assessed is the vendor's ability to make its marketing vision a reality and help finance teams complete the transition from on-premises to cloud deployment.
  • Operations: This criterion assesses the vendor's ability to meet its goals and commitments. Factors include the quality of the organizational structure, skills, experiences, programs, systems and other means that enable the organization to operate effectively and efficiently. In particular, we analyze the vendor's ability to deliver a robust and reliable cloud service, and its associated support and service capabilities (whether provided directly or through partners).

Critical Capabilities for Cloud ERP

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.

5 Reasons to Take a New Look at Oracle ERP Cloud

1. Leading Product Capabilities

In the 2018 Magic Quadrant, Gartner positioned Oracle ERP Cloud highest for 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.

2. Improved Customer Experience

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. 

3. Part of a Complete, Connected Cloud Suite

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. 

4. A Global Presence

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. 

5. Innovation and Emerging Technology

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: 

  • The internet of things (IoT) provides the ability to sense the physical world
  • Machine learning identifies patterns in large amounts of data, recommends actions, and then learns from your decisions
  • Blockchain records events and actions in a secure and unalterable manner
  • Human interfaces (such as chatbots and voice assistants) simplify information delivery

Oracle already has offerings around each of the above technologies. Our nearest competitors only have roadmaps — and many don’t even have those. 

Start Building the Business of the Future

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

Download the Gartner Magic Quadrant for Cloud Core Financial Management Suites.

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.

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Comments ( 1 )
  • Juan Sainz Wednesday, April 20, 2016
    A great article. Oracle ERP Cloud enable innovation in any kind of organization.
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