Press Release

Oracle Named a Leader in IDC MarketScape: Worldwide Enterprise Planning, Budgeting, and Forecasting Applications 2022 Vendor Assessment

Report notes comprehensive product roadmap, exceptional customer support, and a feature-rich solution as key strengths of Oracle Cloud EPM

Austin, TexasFebruary 1, 2023

Oracle has been named a Leader in the IDC MarketScape: Worldwide Enterprise Planning, Budgeting, and Forecasting 2022.

The IDC MarketScape study, which evaluated 13 vendors, provides quantitative and qualitative characteristics of EPM applications in the market. Vendors were assessed with special emphasis on the breadth of their portfolios and geographical presence, the innovative features in their products, customer satisfaction and perception, and the overall health of their business.

The report highlights Oracle’s comprehensive and feature-rich Oracle Fusion Cloud Enterprise Performance Management (EPM) solution. Product strengths highlighted include Oracle Cloud EPM’s integrated business intelligence and advanced analytics, which enable customers to leverage advanced capabilities such as root cause analysis, scenario modeling, simulations, insight discovery, and intelligent narratives. According to the report, “Customers mentioned that Oracle has one of the most comprehensive product road maps they’ve seen on the market. They have also said that they are quite satisfied with the customer support they’ve received from Oracle, courtesy of the vendor’s extensive ecosystem of employees, partners, and peer customer community.”

“Effective financial planning and analysis can be difficult to achieve and that makes it very challenging to make timely data-driven decisions in our rapidly changing economy,” said Hari Sankar, group vice president, Product Management at Oracle. “To help our customers simplify and enhance these processes, Oracle Cloud EPM delivers fast and accurate insights that allow organizations to have visibility across all areas of operation and adapt to market shifts in real time. We believe this recognition from the IDC MarketScape is a testament to our best-in-class technology and directly reflects our efforts to help customers thrive.”

Part of Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Cloud EPM offers a comprehensive set of enterprise performance management capabilities to align financial and operational planning, close the books faster, and manage enterprise master data.

To learn more about Oracle Cloud EPM, visit oracle.com/epm

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About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Oracle

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

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