REDWOOD SHORES, Calif., June 28,
2017 /PRNewswire/ -- Oracle today announced it has been
named a Leader in Gartner's 2017 "Magic Quadrant for Cloud Core
Financial Management Suites for Midsize, Large and Global
Enterprises" research report1.
Out of 11 products evaluated, Oracle ERP Cloud is positioned the
highest for both completeness of vision and ability to execute.
According to the report, "Leaders demonstrate a market-defining
vision of how core financial management systems and processes can
be supported and improved by moving them to the cloud. They couple
this with a clear ability to execute this vision through products,
services and go-to-market strategies. They have a strong presence
in the market and are growing their revenues and market shares. In
the cloud core financial management suites market, Leaders show a
consistent ability to win deals in organizations of different
sizes, and have a good depth of functionality across all areas of
core financial management. They have multiple proof points of
successful deployments by customers based in their home region and
in other geographies. Their offerings are frequently used by system
integrator partners to support finance transformation
initiatives."
"Transformation and innovation are top of mind for
finance organizations. Customers are looking for best-in-class
cloud solutions to help drive deep real time business insights,
increase productivity, and lower costs," said Rondy
Ng, senior vice president, applications development
at Oracle. "Oracle ERP Cloud is the only enterprise-grade
solution on the market with the breadth, depth, security,
scalability, and cutting-edge innovations to meet these demanding
business needs. We consider
our leader positioning by
Gartner as validation of our product- and service-driven
strategy and recognition of our commitment to our
customers' success."
"When we started our finance transformation effort to modernize
our systems infrastructure, we needed a flexible solution that
reduced our cost profile, mandated standardized best practice
processes, and accelerated our ability to uptake innovative
technology," said Matthew Trager,
Head of Finance Business Architecture, Lloyds Banking Group.
"Oracle ERP Cloud met these and all of our functional and security
requirements, giving us the agility to react and grow in a
hyper-competitive business environment."
Oracle ERP Cloud is the industry's most complete, modern, and
proven financial platform delivered seamlessly through the Oracle
Cloud. A modern user interface driven by the latest design
innovations delivers embedded analytics, contextual social
collaboration, and a device-independent mobile experience to make
Oracle ERP Cloud familiar and easy to use.
Oracle ERP Cloud includes complete ERP capabilities across
financials, procurement, and project portfolio management, as well
as Enterprise Performance Management (EPM), Governance Risk and
Compliance (GRC) and Supply Chain Management (SCM). Native
integration with the broader Oracle SaaS portfolio for Human
Capital Management (HCM), and Customer Experience (CX) offer
customers a practical, business-driven, rapid adoption path
forward.
Download Gartner's 2017 "Magic Quadrant for Cloud Core Financial
Management Suites for Midsize, Large and Global Enterprises"
research report"1.
For additional information on Oracle Cloud solutions for
Finance, visit Oracle Enterprise Resource Planning (ERP) Cloud's
Facebook, Twitter, or the Modern Finance Leader blog.
Gartner Disclaimer
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.
1. Gartner, "Magic Quadrant for Cloud Core Financial Management
Suites for Midsize, Large and Global Enterprises," by Nigel Rayner, Robert P.
Anderson, John E. Van Decker,
June 2017.
About Oracle
The Oracle Cloud delivers hundreds of
SaaS applications and enterprise-class PaaS and IaaS services to
customers in more than 195 countries and territories while
processing 55 billion transactions a day. For more information
about Oracle (NYSE:ORCL), please visit us at
http://cloud.oracle.com.
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SOURCE Oracle