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Oracle named as leader in Gartner Magic Quadrant for its Cloud Core Financial Management Systems

by Mike Jones in Oracle 25/06/2019

Oracle has been confirmed as a leader in Gartner’s 2019 Magic Quadrant for Cloud Core Financial Management Suites report. Oracle ERP Cloud gained recognition based on its strengths in executing and completion of its vision. This represents the third year in a row that Oracle ERP Cloud has been selected as a leader in Gartner’s report.
The report suggests that leaders prove a ‘market-defining vision’ of how financial management systems and associated processes can be supported and enhanced by moving to the cloud. Leaders display a clear method of delivering this vision through providing a range of products, services and available market strategies. Gartner explains that leaders show consistent results, securing deals with a range of businesses and display wide functionality across all areas of financial management. Gartner highlight that leaders generally cover a wider market audience, which means they may not meet the requirements of some specialised markets, which may be better suited for niche businesses operating in this sector.

Rondy NG, the senior VP for applications development at Oracle explains that Oracle remains very focused on the success of its customers. Oracle is totally committed to considerable investments into innovation that can support over 6000 ERP cloud customers with their financial operations. Oracle has highlighted how happy to be recognised as a leader by Gartner, stating that the report highlights their strengths, investment focus and customer results.
Oracle ERP Cloud consists of a range of ERP capabilities within Financials, Procurement and Project Portfolio Management (PPM), including Enterprise Performance Management, Governance Risk and Compliance.
Combined with Supply Chain Management and its broader range of Oracle Cloud Application products, Oracle enables its customers to stay ahead of potential changes, develop flexible businesses and understand the real potential of new innovations.

Oracle ERP Cloud was selected as a Leader in Gartner’s 2018 Magic Quadrant for Cloud ERP for product-focused mid-sized enterprises. Oracle was also named the leader in the 2018 Magic Quadrant for Cloud for Financial Planning and Analysis Solutions and for Cloud Financial Close Solutions.