Oracle Positioned as a Leader Based on Completeness of Vision
and Ability to Execute
AUSTIN,
Texas, Jan. 17, 2023 /PRNewswire/ -- Oracle has
been named a Leader in the 2022 Gartner Magic Quadrant for
Financial Planning Software for Oracle Fusion Cloud Enterprise
Performance Management (EPM). The Magic Quadrant, which evaluated
14 companies, recognized Oracle as a Leader for its "Ability to
Execute" and "Completeness of Vision." A complimentary copy of the
report is available here.
Gartner defines Financial Planning Software as "the key tool
that enables organizations to manage their enterprise-wide
financial planning, forecasting, and budgeting processes. Financial
Planning Software allows finance organizations to plan and analyze
business financial strategy for the organization across all three
financial statements (profit and loss, balance sheet, and cash
flows). It supports modeling, collaboration, analytics, and
performance-reporting capabilities, all of which enhance a user's
ability to effectively manage financial performance."
According to the report, "Leaders are in the strongest position
to influence the market's growth, direction and provide mature
offerings that meet market demand. Leaders demonstrate a
market-defining vision of how financial planning software can help
CFOs achieve their business objectives of maximizing organizational
profitability, resource allocation and value creation while
enabling workflow efficiencies and predictive capabilities within
their FP&A operations. Leaders have the ability to execute
their vision and clearly identify how innovative technologies can
be applied throughout the solutions within their application,
including big data integrations or AI/ML functionality. Leaders
have demonstrated business results in the form of new customer
acquisition and existing customer retention, and they excel in
their combination of product features, market responsiveness,
customer experience and innovation."
"To successfully plan and make data-driven decisions in a
volatile business environment, organizations need fast and accurate
insights, which requires connecting data across every area of the
business," said Hari Sankar, group
vice president, Product Management at Oracle. "We feel that the
recognition from Gartner is a testament to the success that our
customers have achieved in automating analysis and connected
planning across their organizations to be ready for what's
next."
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.
Over 11,000 organizations turn to Oracle Cloud ERP and Oracle
Cloud HCM applications to run their businesses. Oracle Cloud ERP
offers a comprehensive set of enterprise finance and operations
capabilities, including financials, accounting hub, procurement,
project management, enterprise performance management, risk
management, subscription management, and supply chain
management & manufacturing.
Oracle has garnered consistent industry recognition for its
finance applications. Oracle was recently named a Leader in the
2022 Gartner® Magic Quadrant™ for Cloud ERP for Product-Centric
Enterprises and the 2022 Gartner® Magic Quadrant™ for Cloud ERP for
Service-Centric Enterprises. Additionally, Oracle was named a
Customers' Choice in the 2021 Gartner® Peer Insights™'Voice of
the Customer': Cloud Financial Planning and Analysis Solutions.
To learn more about Oracle Cloud EPM, visit oracle.com/epm
Gartner Disclaimer
Gartner, Gartner Peer Insights 'Voice of the Customer': Cloud
Financial Planning and Analysis Solutions, 11 March 2021, Peer Contributors
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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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SOURCE Oracle