We’re thrilled to announce that Gartner has positioned Oracle within the Leaders quadrant of its 2020 Magic Quadrant for Cloud Monetary Planning and Evaluation Options. Out of 12 distributors evaluated, Oracle is positioned highest for potential to execute and furthest for completeness of imaginative and prescient.

That is the fourth consecutive 12 months that Oracle has been acknowledged as a Chief. We’re joyful to make this report available to readers with our compliments. 

Gartner, Magic Quadrant for Cloud Monetary Planning and Evaluation Options, Greg Leiter, Robert Anderson, John Van Decker, 6 October 2020. This graphic was revealed by Gartner, Inc. as half of a bigger analysis doc and ought to be evaluated within the context of your entire doc. The Gartner doc is out there upon request from Oracle. Gartner doesn’t endorse any vendor, services or products depicted in its analysis publications, and doesn’t advise expertise customers to pick out solely these distributors with the very best rankings or different designation. Gartner analysis publications encompass the opinions of Gartner’s analysis group and shouldn’t be construed as statements of truth. Gartner disclaims all warranties, expressed or implied, with respect to this analysis, together with any warranties of merchantability or health for a specific function.

Full and linked

We imagine that the present world uncertainties have confirmed the worth of Oracle Fusion Cloud EPM—particularly for monetary planning and evaluation.  Boards and different stakeholders want to finance groups to assist them make knowledgeable selections that may guarantee enterprise resiliency and have a long-lasting influence. We see Oracle Cloud EPM main the business in delivering complete scenario planning capabilities that assist finance groups to visualise a number of “what-if” eventualities, assess the way to finest reply to every one, and run simulations to mannequin and handle related dangers.

In our view, the flexibility to assist and join planning throughout the group is a aggressive differentiator for Oracle. It’s now not sufficient to easily plan nicely in finance after which plan individually in different departments, similar to operations, gross sales, or HR. Corporations that join and align their planning processes and selections throughout their group will outpace the competitors. Gartner writes, “By 2024, 70% of all new financial planning and analysis projects will become extended planning and analysis (xP&A) projects, extending their scope beyond the finance domain into other areas of enterprise planning and analysis.” (Gartner, Magic Quadrant for Cloud Monetary Planning and Evaluation Options, Greg Leiter, Robert Anderson, John Van Decker, 6 October 2020.)

Oracle delivers purpose-built options to streamline and handle planning processes in gross sales, advertising and marketing, human assets, IT and provide chain features. Oracle Cloud EPM brings collectively a number of EPM capabilities right into a single suite: monetary and operational planning, profitability and price administration, account reconciliation, consolidation and shut, tax reporting, narrative reporting, and enterprise grasp knowledge administration (EDM). These capabilities, together with built-in finest practices, assist clients to realize worth shortly.

Machine studying and predictive planning

We’ve additionally infused these capabilities with machine studying to automate routine duties and supply extra predictive, clever planning and insights. Gartner notes, “By 2024, 70% of new artificial intelligence projects in the finance domain will be deployed using out-of-the-box functionality.” (Gartner, Magic Quadrant for Cloud Monetary Planning and Evaluation Options, Greg Leiter, Robert Anderson, John Van Decker, 6 October 2020.)

The end result, in keeping with clients, is much less time spent on knowledge gathering and reconciliation, and extra time spent on enterprise technique. “It saves our analysts time on reporting, data analysis, and calculations,” one buyer wrote in a recent TrustRadius report. “It saves us 20% of time off of our calculation processes for our entire cycle.”

“We’re proud that Gartner has once again named Oracle a Magic Quadrant Leader in the Cloud EPM market,” mentioned Hari Sankar, Oracle’s group vp of product administration. “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 report acknowledges our customer-first mindset and validates our commitment to continuous innovation.”

Oracle has garnered constant business recognition for its monetary and efficiency administration purposes. Along with being named a Chief on this report, Oracle was just lately acknowledged as a Chief in Gartner’s 2020 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises for the fourth consecutive 12 months. And Oracle was named the one Chief in Gartner’s 2020 Magic Quadrant for Cloud ERP for Product-Centric Enterprises for the second 12 months.

Gartner doesn’t endorse any vendor, services or products depicted in its analysis publications, and doesn’t advise expertise customers to pick out solely these distributors with the very best rankings or different designation. Gartner analysis publications encompass the opinions of Gartner’s analysis group and shouldn’t be construed as statements of truth. Gartner disclaims all warranties, expressed or implied, with respect to this analysis, together with any warranties of merchantability or health for a specific function.

GARTNER is a registered trademark and repair mark of Gartner, Inc. and/or its associates within the U.S. and internationally and is used herein with permission. All rights reserved.

Oracle as a Chief in Magic Quadrant for Cloud Strategic Company Efficiency Administration Options 2017

Oracle as a Chief in Magic Quadrant for Cloud Monetary Planning and Evaluation Options 2018 – 2020

Oracle as a Chief in Magic Quadrant for Cloud ERP for Product-Centric Enterprises 2020, 2018



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