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Press Release

Oracle Recognized as a Leader in Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions for Fourth Consecutive Year

Oracle again recognized as a Leader for completeness of vision and ability to execute

Redwood Shores, Calif.—October 8, 2020

Oracle has been named a Leader in Gartner’s 2020 “Magic Quadrant for Cloud Financial Planning and Analysis Solutions[1]” for the fourth consecutive year. Of the 12 companies evaluated, Oracle was recognized highest for ability to execute and completeness of vision for Oracle Fusion Cloud Enterprise Performance Management (EPM). A complimentary copy of the report is available here.

“We are proud that Gartner has once again named Oracle a Leader in the Cloud EPM market,” said Hari Sankar, group vice president, Product Management, Oracle. “At Oracle, we are dedicated to giving our customers the most complete, innovative and flexible performance management solutions so that we can help them navigate a rapidly changing economic environment and chart a course back to growth. We believe this recognition acknowledges our customer-first mindset and validates our commitment to continuous innovation.”

According to the report, “Leaders provide mature offerings that meet market demand, and they have demonstrated the vision necessary to sustain their market position as requirements evolve. Leaders have also demonstrated successful execution by having revenue commensurate with other high-performing vendors in this Magic Quadrant, as well as by having large numbers of customers. The hallmark of Leaders is that they focus on and invest in their offerings to the point that they lead the market and can affect its 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.”

Oracle Cloud EPM offers a full range of business capabilities, including financial and operational planning, scenario modeling, financial close, master data management, and reporting and analysis processes. With seamless integration with the broader suite of Oracle Cloud Applications, including Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Human Capital Management (HCM) and Customer Experience (CX), finance and operations leaders can harness real-time data to increase efficiency, predict trends, model what-if scenarios, and execute both short-term and long-term planning.

More than 7,300 organizations across 23 industries and 125 countries have turned to Oracle for improved business insight and decision-making in their finance and operations. By leveraging Oracle’s complete suite of applications built natively for the cloud, customers can take advantage of ongoing quarterly updates in machine learning/AI, digital assistants, IoT and world-class analytics to enhance productivity, reduce costs and improve controls.

Oracle has consistent industry recognition for its financial and performance management applications. In addition to being named a Leader in Gartner’s 2020 “Magic Quadrant for Cloud Financial Planning and Analysis Solutions” for the fourth consecutive year, Oracle was also recently recognized as a Leader for Oracle Cloud ERP in Gartner’s 2020 “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises[2]” for the fourth consecutive year. In addition, Oracle Cloud ERP was named the sole Leader in Gartner’s 2020 “Magic Quadrant for Cloud ERP for Product-Centric Enterprises[3]” for the second consecutive time.

[1] Gartner, Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Greg LeiterRobert AndersonJohn Van Decker, 29 June 2020

[2] Gartner, Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, Robert Anderson, Greg Leiter, John Van Decker, 29 June 2020

[3] Gartner, Magic Quadrant for Cloud ERP for Product-Centric Enterprises, Tim Faith, Duy Nguyen, Denis Torii, Paul Schenck, Christian Hestermann, 22 June 2020. Previous titles included Magic Quadrant for Cloud ERP for Product-Centric Enterprises.

 

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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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