Over 290,000 midsize customers not only run on Oracle, they also run on the same products as our largest customers. Midsize companies buy Oracle for growth.
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CFOs in midsize organizations face the same challenges as their counterparts in large enterprises, but often with the added pressures growth places on their organizations. Although they are still expected to maintain tight control over financial management and business performance, they are also at the strategic heart of the organization and are more likely to have a large stake in IT investment decisions.
In fact, research from Gartner shows that up to *45% of IT organizations report directly to the CFO. Additionally, *41% of the organizations interviewed indicated that it is the CFO who makes or leads their IT investment strategy. With an eye trained on cutting and managing costs, CFOs are looking to keep IT less costly without sacrificing business strategy enablement.
Different Industries. Different Markets. Common Pressures
The pressures of growth in midsize companies require packaged Enterprise Grade applications and IT solutions.
"The reason we look to Oracle is we like to have the systems all working together and talking together and exchanging information so the information is powerful. The hope is that we get better information flow as well as faster, better response time in the business."
Packaged Solutions for Growing Companies
Oracle Accelerate is Oracle's approach for providing simple to deploy, packaged, enterprise-grade software solutions to growing midsize organizations through its network of expert partners.
More research findings from Nucleus Research include:
"As a rapidly growing company, we needed a powerful, enterprise- class solution to ensure we deliver the right product to the right marketplace at the right time."
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*Source: Top 10 Findings From Gartner's Financial Executives International CFO Technology Study, John E. Van Decker, May 2012