Oracle recognized for completeness of vision and highest for ability to execute
Redwood Shores, Calif.—Oct 7, 2019
Oracle has been named a Leader in Gartner’s 2019 “Magic Quadrant for Cloud Financial Planning and Analysis Solutions” report for the third consecutive year. Out of 15 companies evaluated, Oracle is positioned as a Leader based on its ability to execute and completeness of vision. A complimentary copy of the report is available here.
According to the report, “Leaders provide mature offerings that meet market demand and have demonstrated the vision necessary to sustain their market position as requirements evolve. Leaders have also demonstrated execution success by having revenue commensurate with other high-performing leaders in this market study, as well as by having a larger number of customers. The hallmark of Leaders is that they focus on and invest in their offerings to the point in which they lead the market and can affect its overall direction. As a result, Leaders can be vendors to watch as you try to understand how new market offerings might evolve. Leaders typically possess a large, satisfied customer base (relative to the size of the market) and enjoy high visibility within the market. Their size and financial strength enable them to remain viable in a challenging economy. Leaders typically respond to a wide market audience by supporting broad market requirements. However, they may fail to meet the specific needs of vertical markets or other, more specialized segments.”
“To help organizations of all sizes navigate a complex and dynamic global business environment, Oracle remains committed to providing the innovation and advanced technologies that can help our EPM Cloud customers achieve superior business value and competitive advantage,” said Hari Sankar, Group Vice President, Product Management, Oracle. “We are thrilled to be acknowledged once again as a Leader by Gartner. We believe this report further validates our product strengths, investment focus and customer successes.”
Oracle EPM Cloud is the only complete and connected EPM solution on a common platform that addresses financial and operational planning, consolidation and close, data management, reporting, and analysis processes. With native integration with the broader Oracle Cloud Applications suite, which includes Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Human Capital Management (HCM) and Customer Experience (CX) SaaS applications, Oracle helps customers to stay ahead of changing expectations, build adaptable organizations, and realize the potential of the latest innovations.
Gartner, Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Robert Anderson, John Van Decker, Greg Leiter, 8 August 2019
Gartner, Magic Quadrant for Cloud Financial Close Solutions, John Van Decker, Christopher Iervolino, 26 July 2018.
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.
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