Magic Quadrant?
The Gartner Magic Quadrant is an in-depth analysis of vendors and their position in the market to help aid organizations in choosing the right investment opportunity. Vendors under many types of technology types are categorized under the following:
- Leaders
- Challengers
- Visionaries
- Niche Players
So, what does it mean to be a Leader in a Gartner Magic Quadrant? Oracle’s Fusion Cloud Enterprise Performance Management understands what it takes.
Recognition
Project-centric organizations need a robust ERP system that will allow them to view financials and performance through the lens of the project. It must be flexible and agile to adapt to unique project-specific processes while delivering the organization’s financial operations. Gartner recently announced its 2022 Magic Quadrant for Financial Planning Software, and Oracle’s Fusion Cloud Enterprise Performance Management was listed as a Leader in this space. With consistent global recognition for its Cloud ERP applications, Oracle has also secured the 2022 Gartner Magic Quadrant for Cloud ERP for Project-Centric Enterprises for the fourth year in a row.
The PMO’s Impact
As the year begins to reveal itself, small companies to large enterprises continue to feel pressure to be at the forefront of project success. ERP systems are naturally at the top of the implementation list. So, why is Oracle paving the way for project-centric organizations?
Tens of thousands of organizations have already turned to Oracle’s Fusion Cloud EPM, which helps unify organizational-level financial planning with project-level operational planning. Reporting, analysis, budgeting, and planning are critical to the success of project organizations. But what’s even more critical is accessing project financials in real time. To facilitate this functionality, It is essential to carefully set up the system from the PMO’s perspective. To see the impact of this perspective, read SAS Institute’s story.
“Many of our executive consultants evaluated Oracle Cloud ERP, and we also decided this is the right tool. We implemented it entirely for Project Partners, learned along the way, and even built specific templates that serve other professional service organizations. Once we embraced it internally within our operations, we have since helped other project-centric companies implement and understand how to use the new.” – Randy Egger, Founder | Project Partners
Based on our in-depth experience with Oracle ERP Cloud and Fusion Cloud EPM, here are a few initial steps that our experts recommend that your internal organization should take to ensure implementation success:
In Conclusion
Oracle ERP Cloud can be the right solution for a project-driven organization looking to mobilize its project data and automate its financial processes. The transition to a digital future is made faster, easier, and more seamless by ensuring your Cloud Readiness. Review options that best fit your organization’s needs, get buy-in from key stakeholders across departments, and ensure that you are ready before moving forward with an ERP implementation — so you can start working on what really matters for each project.
