Oracle Named a Leader in 2023 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises for Eighth Consecutive Year

Rhea-AI Summary

Oracle has been named a Leader in the 2023 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for the eighth consecutive year. They were also positioned furthest to the right for overall Completeness of Vision for the sixth consecutive year. Oracle Cloud HCM offers generative AI solutions, exceptional employee experiences, optimized workforce capabilities, and critical HCM capabilities.

Positive

• Oracle has been named a Leader in the 2023 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for the eighth consecutive year.
• Oracle Cloud HCM is leading the market by rapidly embedding new generative AI solutions for key use cases.
• Oracle recently introduced Oracle ME, a complete employee experience platform in Oracle Cloud HCM, to help organizations increase employee engagement and ensure employee success.
• The recently announced Oracle Workforce Scheduling and Oracle Workforce Labor Optimization capabilities in Oracle Cloud HCM skillfully balance business needs, compliance, and the employee experience.
• Oracle Cloud HCM scored highest in Core HR and TM (Global Organization) and Asia/Pacific Market in the Gartner Critical Capabilities for Cloud HCM Suites report.

Negative

• None.

For six consecutive years, Oracle has been positioned furthest to the right for Completeness of Vision

AUSTIN, Texas, Oct. 23, 2023 /PRNewswire/ -- Oracle today announced that it has been named a Leader for the eighth consecutive year in the 2023 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises for Oracle Fusion Cloud Human Capital Management (HCM). Oracle was also placed furthest to the right for overall Completeness of Vision for the sixth consecutive year. A copy of the report is available here.

Volatile markets, labor shortages, and elevated employee expectations continue to make it difficult for organizations to adapt, meet customer demands, and attract and retain workers. HR leaders need technology that allows them to keep up with the pace of change, drive business outcomes, and support employee growth. Oracle Cloud HCM, powered by AI and natively built on Oracle's secure cloud infrastructure, is used by organizations from all industries across the globe to unify their workforce data, streamline HR processes, enhance workforce experience, and improve the way work gets done.

With Oracle Cloud HCM, organizations can:

Boost Productivity with Generative AI
Oracle Cloud HCM is leading the market by rapidly embedding new generative AI solutions for key use cases such as goal creation, performance summaries, and automated job descriptions, with plans to deliver hundreds more use cases in the future.

Deliver Exceptional Employee Experiences
Oracle recently introduced Oracle ME, a complete employee experience platform in Oracle Cloud HCM, to help organizations increase employee engagement and ensure employee success. The award-winning platform includes Oracle Grow, an AI-powered solution that supports learning, skills development, and career mobility, as well as Oracle Celebrate, a first-of-its-kind recognition and rewards offering. Oracle ME enables HR and business leaders to streamline communications across the organization, guide employees through complex tasks, and develop a more supportive and trusted environment at work.

Optimize Workforce to Meet New Demands and Expectations
The recently announced Oracle Workforce Scheduling and Oracle Workforce Labor Optimization capabilities in Oracle Cloud HCM skillfully balance business needs, compliance, and the employee experience by connecting data from across the organization in one native cloud scheduling solution. Part of an AI-driven platform that integrates SCM and ERP data, organizations across all industries can reduce labor costs and optimally automate shift creation.

Accelerate Time to Value for Mid-size Enterprises 
Oracle recently introduced Oracle HCM Now, a new prescriptive yet flexible approach for mid-size enterprises to adopt Oracle Cloud HCM. With Oracle HCM Now, mid-size enterprises can reduce implementation cost and complexity while rapidly gaining access to key capabilities as business needs shift.

Gain Critical HCM Capabilities 
The Gartner Critical Capabilities for Cloud HCM Suites for 1,000+ Employee Enterprises report also noted that Oracle Cloud HCM scored highest in Core HR and TM (Global Organization) (4.4/5) and Asia/Pacific Market (4.11/5) and Use Cases.  

Join Thousands of Happy Customers
Gartner® Peer Insights™ provides verified customer ratings and peer reviews. As of October 23, 2023, Oracle Cloud HCM customer reviews include:

• "Oracle has been a valued partner throughout the 10 years we have utilized this product. We continue to utilize the journeys module for onboarding and offboarding and tailor the tasks based on each country's requirements." – Sr. Director, HR Technology, Telecommunications industry (Read Full Review)
• "I've had the benefit of working with this suite of solutions and the teams behind those solutions across a number of industries and organizations and have found the consistency in their approach to products and partnership a key value driver. The solutions are broadly applicable, scalable, and continuously evolving." – VP, HR Technology, Services industry (Read Full Review)
• "We no longer require large investments or projects to deliver change. We have the ability to deliver new modules, primarily using the in-house team, adopting digital principles, often able to produce an alpha proto-type in six weeks. Across our HR Business there are now expectations that HCM will underpin the business strategy." – Principal Technology Delivery Manager, Retail industry (Read Full Review)

"The world of work is evolving at an unprecedented rate, from where we work and the tools we use to the skills that are most in demand. To successfully navigate these changes, organizations need a technology partner that can help optimize their workforce, enhance the employee experience, and drive meaningful business value," said Chris Leone, executive vice president, applications development, Oracle. "We believe that being named a Leader for the eighth consecutive year demonstrates our ongoing commitment to customer success, and our ability to deliver the speed and breadth of innovation our customers need. Oracle Cloud HCM connects every human resource process from hire to retire in one unified platform that enables customers to quickly adapt to changing business and workforce requirements, and thrive."

Oracle Cloud HCM enables HR and operational professionals to make work more human by improving employee experience in the workplace and connecting every human resource process—including global HR, talent management, workforce management, and payroll. Oracle Cloud HCM is part of Oracle Fusion Cloud Applications Suite, which enables organizations to take advantage of the cloud to break down silos, standardize processes, and manage financial, HR, supply chain, and customer experience data on a single integrated cloud platform.

To learn more about Oracle Cloud HCM, please visit: oracle.com/human-capital-management

Additional Information
Oracle has garnered consistent industry recognition for the Oracle Fusion Cloud Applications Suite and its support for integrated workforce processes. Oracle was recently named a Leader for the fifth straight year in the 2023 Gartner® Magic Quadrant for Cloud ERP for Product-Centric Enterprises. It was also named a Leader in the 2023 Gartner® Magic Quadrant for Cloud ERP for Service-Centric Enterprises.

Gartner, Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, By Ranadip Chandra, Sam Grinter, Ron Hanscome, Chris Pang, Anand Chouksey, Josie Xing, Harsh Kundulli, David Bobo, Laura Gardiner, Hiten Sheth, Jackie Watrous, Travis Wickesberg, Published 18 October 2023.

Gartner, Critical Capabilities for Cloud HCM Suites for 1,000+ Employee Enterprises, By Ranadip Chandra, Ron Hanscome, Sam Grinter, Chris Pang, Anand Chouksey, Josie Xing, Harsh Kundulli, David Bobo, Laura Gardiner, Hiten Sheth, Jackie Watrous, Travis Wickesberg, Published 18 October 2023.

Gartner, Magic Quadrant for Cloud ERP for Product-Centric Enterprises, By Greg Leiter, Robert Anderson, Dixie John, Tomas Kienast, David Penny, Published 03 October 2023.

Gartner, Magic Quadrant for Cloud ERP for Service-Centric Enterprises, By Denis Torii, Sam Grinter, Tim Faith, Naveen Mahendra, Neha Ralhan, Robert Anderson, Published 29 August 2023.

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GARTNER is a registered trademark and service mark, PEER INSIGHTS and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

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.

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.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

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SOURCE Oracle

FAQ

What is the significance of Oracle being named a Leader in the Gartner Magic Quadrant for Cloud HCM Suites?

Being named a Leader in the Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for the eighth consecutive year shows Oracle's consistent performance and leadership in the market.

What are the key features of Oracle Cloud HCM?

Oracle Cloud HCM offers generative AI solutions, exceptional employee experiences, optimized workforce capabilities, and critical HCM capabilities.

What are the benefits of Oracle ME in Oracle Cloud HCM?

Oracle ME is a complete employee experience platform that helps organizations increase employee engagement and ensure employee success.

What are the recently announced capabilities in Oracle Cloud HCM?

Oracle recently announced Oracle Workforce Scheduling and Oracle Workforce Labor Optimization capabilities, which skillfully balance business needs, compliance, and the employee experience.

How did Oracle Cloud HCM perform in the Gartner Critical Capabilities report?

Oracle Cloud HCM scored highest in Core HR and TM (Global Organization) and Asia/Pacific Market in the Gartner Critical Capabilities for Cloud HCM Suites report.