By Jennifer Toomey, Senior Director, Cloud Business Group, Oracle
Gartner recently positioned Oracle in the Leaders quadrant of its 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions, with the highest position for its ability to execute. Oracle was also named a Leader in the 2018 Gartner Magic Quadrant for Cloud Financial Close Solutions.
“The FP&A market is accelerating its shift from mature on-premises offerings to cloud solutions. Finance application leaders are seeking SaaS solutions to reduce application support costs, increase application flexibility and shorten time to value,” Gartner wrote in the Magic Quadrant for Cloud Financial Planning and Analysis Solutions.
“During the past two years, the financial close (FC) market has shifted from mature on-premises offerings to cloud solutions as finance application leaders sought improvements in FC capabilities, enhanced cost control/efficiencies, greater application flexibility and shorter time to value. In addition to providing these advantages, cloud FC solutions are typically easier to use and manage than the previous generation of on-premises offerings. Topics such as the timing of cloud conversions, cloud vendors' product roadmaps and cloud product selection now account for nearly all of Gartner's client advisory conversations about Financial Close,” the 2018 Gartner Magic Quadrant for Cloud Financial Close Solutions report states.
With Oracle EPM Cloud, we believe that our comprehensive SaaS 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 in the market.
Oracle EPM Cloud provides a complete, connected and intelligent suite of applications offering best-in-class capabilities for organizations of every size. Thousands of customers have already made the move to EPM Cloud — isn’t it time to take a look at Oracle?
Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Christopher Iervolino, John E. Van Decker, 24 July 2018.
Gartner Magic Quadrant for Cloud Financial Close Solutions, John E. Van Decker, Christopher Iervolino, 26 July 2018.
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