Oracle marks half a decade of recognition as a Gartner Magic Quadrant Leader

May 12, 2021 | 6 minute read
Lynne Sampson
Managing Editor
Text Size 100%:

For the 5th year in a row, Gartner has named Oracle Fusion Cloud ERP as a Leader in its 2021 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises. We’re thrilled to make this report available to readers with our compliments.

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.

Highest on “Ability to Execute,” furthest on “Completeness of Vision”

Gartner recognizes Oracle as having the highest “Ability to Execute” as well as the furthest “Completeness of Vision.” We believe this recognition as a Leader is driven by five tenets that we use to guide development of all our Oracle Cloud applications:  

  1. A customer-first mindset, which shapes everything about our approach
  2. The fastest innovation, with new capabilities rolled out to our customers every 90 days
  3. The most complete cloud, connected by a common data model across finance, supply chain, HR, customer experience, marketing and sales
  4. Running on the best technology platform, including the Autonomous Database and Gen2 Oracle Cloud Infrastructure
  5. A modern user experience that includes chat, digital assistants, and a conversational UI

Our strategy for Oracle Cloud ERP is to support your most critical business activities with touchless processing, predictive analytics, an immersive user experience, and intelligent recommendations driven by machine learning.

Our customers’ successes

But don’t take our word for it! Read what Oracle customers have to say about the value they’re getting from Oracle Cloud ERP.

Customer-first mindset

“It's really important for us that we have one single source of the truth across our enterprise, and that means making sure that our front end and our back end are fully integrated. When we think about a big acquisition such as BevMo! that is strategic for us, we want to make sure that we are optimizing the value there. Oracle is going to be a key partner to us in that.” — Josh Burke, CFO, goPuff

“One of the things that we realized early on was that this is a different type of relationship with a software company. It wasn’t just selling software to us. It was about developing a long-term relationship.” — Debra Robinson, Senior Vice President and CIO, Oracle Technology and Operations, Hearst

Most complete cloud

“It’s an integrated environment, from product development all the way to customer feedback. If Workday, SAP, and Salesforce really want to continue to nip at the heels of Oracle Cloud, they're going to have to invest in developing more comprehensive and more integrated suites.” — Craig Halterman, CIO, Cohu

Fastest innovation

“The world's going a thousand miles an hour, so for me to say, ‘Wait, I need another week’ just doesn't work anymore. Oracle is reimagining the financial systems footprint. It's a true transformation at Lyft with the products we're implementing.” — Lisa Blackwood-Kapral, Chief Accounting Officer, Lyft

“We’ve been investing heavily in finance modernization at Square to create a world-class workplace where finance talent comes to learn how to support business model innovation—and be the next CFO at an industry disruptor.” — Ajmere Dale, Chief Accounting Officer, Square

“I’ve been in IT for 20 years, and I’ve never before seen a company’s products advance as quickly in a year as the Oracle Cloud products advanced. That investment is what really excited us.” — Jon Allen, Interim CIO and Chief Information Security Officer, Baylor University

Best technology platform

“We needed a solution with built-in machine learning that integrated with our ERP, eliminated complexity, and simplified application development. Running on Oracle Cloud Infrastructure means we close our accounts receivable process four times faster.” — Vikram Singhvi, Head of Enterprise Applications, Dropbox

Modern UX

“In the very first month after our go-live, my key stakeholders told me that they have absolute trust in the numbers we are providing them. They’re not fighting over whether the data is right or not. That was really heartening and very satisfying to get that kind of feedback.” — Swaroop Khekale, Enterprise Planning Leader, Lion

“We were able to run the whole [back-office] operation without anybody in the office. We never thought we’d be able to run the company without employees onsite.” — Mohamed Absar, Chief of Staff for Logistics and Technology and Head of Projects and Solutions, DP World

Working together to build Oracle Cloud ERP

And finally, Oracle is committed to improving our own business processes with the use of Oracle Cloud ERP. According to CEO Safra Catz, “With Oracle Cloud ERP we are now filing our quarterly and annual financial statements faster than any other company in the S&P 500.” This helps us spend less time looking backwards and more time working with our 7,700+ customers to build a Cloud ERP that drives their business forward.

Download the 2021 Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.

Lynne Sampson

Managing Editor

Lynne has 25 years experience in journalism and marketing. She spent the first 10 years of her career at the Canadian Broadcasting Corporation, covering major news events such as the Quebec referendum, two federal elections, and the crash of Swissair flight 111 - coverage of which won a Gemini Award for “Best News Special Event Coverage.” Since then, Lynne has worked in marketing and communications for high technology companies such as Whitehill Technologies and Skywire Software. She currently works at Oracle as managing editor of The Modern Finance Leader, winner of a 2018 Killer Content Award from Demand Gen Report.

Previous Post

Top 10 signs that it’s time for modern cloud applications

Guest Author | 3 min read

Next Post

3 ways cloud enterprise performance management makes business more agile

Jennifer Toomey | 3 min read