Gartner recently positioned Oracle in the Leaders quadrant of its 2019 Magic Quadrant for Cloud Financial Planning and Analysis Solutions. This is the third consecutive year that Oracle has been recognized as a Leader in Gartner's report, and out of 15 vendors evaluated, Oracle is positioned highest for ability to execute.
Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions
Source: Gartner (August 2019)
Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Robert Anderson, John Van Decker, Greg Leiter, 8 August 2019. 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.
Gartner writes, “Financial planning and analysis (FP&A) solutions support the office of finance’s budgeting, planning and forecasting efforts. Many FP&A solutions also supplement the office’s budgeting and planning process support. They do so via modeling, collaboration, analytics and performance reporting capabilities, all of which enhance finance’s ability to manage performance by linking corporate strategy and execution (see 'The Future of Financial Planning and Analysis').” (Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Robert Anderson, John Van Decker, Greg Leiter, 8 August 2019.)
At Oracle, we believe the ability to support and connect planning across the organization is a competitive differentiator. It is no longer enough today to simply plan well in finance and then plan separately in other departments such as operations, sales, R&D and HR. Those that connect their planning processes and data across their organization will outpace the competition.
One of the biggest changes we’ve made recently in Oracle EPM Cloud is bringing together multiple EPM capabilities into a single suite: financial and operational planning, consolidation and close, data management, internal and external reporting, and profitability management processes. Incorporating pre-built best practices, such as workforce, capital, and long range planning, allows customers to gain more value quickly. Moreover, we’ve infused these capabilities with machine learning to automate routine tasks and provide more predictive, intelligent planning and insights.
With Oracle EPM Cloud, we believe that our comprehensive portfolio covering both financial planning and analysis and financial close capabilities, a large and growing global customer base, and our commitment to continuous innovation in the cloud validate our leadership position.