Oracle has been named a leader for the third successive time in the 2021 Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises.
In this Magic Quadrant, ten providers were evaluated by Gartner's definition of composable ERP. The strategy delivers a core of composable applications and as-a-service software platforms that are highly configurable, interoperable, and flexible. Oracle positioned the highest on the ability to execute on the completeness of vision axes with its ERP platform, Oracle Fusion Cloud Enterprise Resource Planning.
According to the report, leaders demonstrate a market-defining vision of how ERP product-centric systems and processes can be supported and improved by moving to the cloud. The report stated that Oracle combined this with a clear ability to execute its vision through products, services and go-to-market strategies.
"Oracle has a strong presence in the market and is growing its revenue and market shares," says Gartner.
"In the cloud ERP suite market, leaders show a consistent ability to win deals with organisations of different sizes. They should have a good depth of functionality across all areas of operational and administrative ERP. And should have proof of multiple, successful deployments by customers."
Oracle senior VP of applications development, Rondy Ng, says they continue to see Oracle Cloud ERP set the standard and be the driver and defining factor in their customer's success.
"Through it all, Oracle has remained laser-focused on our customer-centric mission and continued to deliver the quarterly innovations our customers have come to expect. Gartner's leader positioning for Oracle Cloud ERP is an honour we share with our customers."
According to Oracle, innovation is at the heart of its Oracle Cloud ERP, driving towards touchless operations, continuous forecasting, and an enhanced conversational experience. Oracles machine learning and AI investments in each update are designed to enable CFOs and their finance and operations teams to shift to a strategic mindset by enhancing the user experience, increasing efficiency, and improving agility.
More than 8,000 organisations across all industries and geographies rely on Oracle Cloud ERP to run their businesses. Oracle Cloud ERP offers a set of enterprise finance and operations capabilities, including financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, and supply chain management and manufacturing.
Oracle was recently named a Leader in the 2021 Gartner Magic Quadrant for Cloud Core Financial Management Suites for midsized, large and global enterprises for the fifth straight year. The company was also named a Customer's Choice in the 2021 Gartner Peer Insights Voice of the Customer: Cloud Financial Planning and Analysis Solutions, and a Leader in the 2020 Magic Quadrant for Cloud Financial Planning and Analysis Solutions for the fourth consecutive year.