Oracle has been named a Leader in Gartner’s 2019 “Magic Quadrant for Cloud Financial Close Solutions” report for the third consecutive year. Out of 10 companies evaluated, Oracle is positioned as a Leader based on its ability to execute and completeness of vision. Oracle is the only Enterprise Performance Management (EPM) vendor to be named a Leader in both Cloud Financial Planning and Analysis Solutions and Cloud Financial Close Solutions Magic Quadrant reports.
According to the report, “Leaders provide mature offerings that meet market demand and have demonstrated the vision necessary to sustain their market position as requirements evolve. The hallmark of Leaders is that they focus on, and invest in, their offerings to the point where they lead the market and can affect its overall 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. Leaders typically respond to a wide market audience by supporting broad market requirements; however, they may fail to meet the specific needs of vertical markets or other more-specialized segments.”
“As the EPM Cloud market matures, we are seeing more organizations looking for an integrated EPM suite to connect their financial and operational planning with financial close and reporting processes,” said Hari Sankar, Group Vice President, Product Management, Oracle. “We are proud to be the only vendor acknowledged as a Leader by Gartner in these two Magic Quadrant reports related to EPM.”
Oracle EPM Cloud is the only complete EPM solution on a common platform that addresses financial and operational planning, consolidation and close, data management, reporting, and analysis processes. With native integration with the broader Oracle Cloud Applications suite, which includes Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Human Capital Management (HCM) and Customer Experience (CX) applications, Oracle helps customers to stay ahead of changing expectations, build adaptable organizations, and realize the potential of the latest innovations.
Oracle’s portfolio of enterprise performance management applications has garnered industry recognition. Oracle was recently named a Leader in Gartner’s 2019 “Magic Quadrant for Cloud Financial Planning and Analysis Solutions” for Oracle EPM Cloud, making it the only vendor to be named a Leader in both of Gartner’s 2019 Magic Quadrants related to enterprise performance management.