Oracle Named a Leader in the 2022 Gartner® Magic Quadrant™ for Financial Planning Software

Rhea-AI Summary

Oracle has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Financial Planning Software, specifically for its Oracle Fusion Cloud Enterprise Performance Management (EPM). This title reflects its strong Ability to Execute and Completeness of Vision. The report evaluated 14 companies, highlighting Oracle's capacity to influence market growth and offer mature financial planning solutions that enhance CFOs' ability to meet business objectives. Over 11,000 organizations utilize Oracle Cloud ERP and HCM applications to drive efficiency in their operations.

Positive

• Oracle named a Leader in the 2022 Gartner Magic Quadrant for Financial Planning Software.
• Recognized for strong Ability to Execute and Completeness of Vision.
• Over 11,000 organizations use Oracle Cloud ERP and HCM applications.

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• None.

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

FAQ

What recognition has Oracle received in 2022?

Oracle was named a Leader in the 2022 Gartner Magic Quadrant for Financial Planning Software.

What is Oracle Fusion Cloud EPM?

Oracle Fusion Cloud EPM is a financial planning software that helps organizations manage financial performance.

How many organizations use Oracle Cloud ERP?

Over 11,000 organizations utilize Oracle Cloud ERP and HCM applications.

What are the main strengths of Oracle according to the Gartner report?

Oracle's strengths include its Ability to Execute and Completeness of Vision.