{"id":737,"date":"2017-06-29T16:57:39","date_gmt":"2017-06-29T16:57:39","guid":{"rendered":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/?p=737"},"modified":"2019-06-26T18:30:59","modified_gmt":"2019-06-26T18:30:59","slug":"new-gartners-2017-magic-quadrant-for-cloud-core-financial-management-suites-for-midsize-large-and-global-enterprises","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/new-gartners-2017-magic-quadrant-for-cloud-core-financial-management-suites-for-midsize-large-and-global-enterprises\/","title":{"rendered":"New: Gartner&#8217;s 2017 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-734\" src=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2017\/06\/Whats-Changed-Gartners-2017-Magic-Quadrant-for-Cloud-Core-Financial-Management-Suites-for-Midsize-Large-and-Global-Enterprises.jpg\" alt=\"What's Changed: Gartner's 2017 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises\" width=\"800\" height=\"350\" \/><\/p>\n<p style=\"text-align: justify\">Gartner Inc., the world&#8217;s leading information technology research and advisory company, recently released their latest <a href=\"https:\/\/www.gartner.com\/doc\/3746317\/magic-quadrant-cloud-core-financial\" target=\"_blank\" rel=\"noopener noreferrer\">Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.<\/a><\/p>\n<p style=\"text-align: justify\"><br \/>Widget not in any sidebars<br \/><\/p>\n<p style=\"text-align: justify\">This is the first Magic Quadrant for cloud core financial management suites. The market is still evolving so the definition is broad, covering midsize, large and global organizations across all geographies. Gartner defines core financial management suites as:<\/p>\n<ul style=\"text-align: justify\">\n<li>The core functional areas of general ledger, accounts payable\/receivable, fixed assets and project accounting\/costing\/billing.<\/li>\n<li>Financial analytics and reporting, including provision of financial information\u00a0and the ability to provide financial information such as KPIs to managers and executives.<\/li>\n<\/ul>\n<p style=\"text-align: justify\">The market for core financial management suites has been static for many years, however, over the last 12 to 18 months, cloud core financial management suites have matured to such an extent that they have disrupted this static market, according to Gartner.\u00a0This reflects the increasing prevalence of postmodern ERP strategies.<\/p>\n<p style=\"text-align: justify\">The report\u00a0doesn&#8217;t cover vendors that <em>only<\/em> sell cloud core\u00a0financial management applications as part of a broader Enterprise Resource Planning (ERP) suite (as financial applications are always sold with operational ERP capabilities). The 11 vendors analyzed in the Magic Quadrant report are evaluated on their capabilities of their core financial management applications as well as their ability to market, sell and support solutions targeted at finance organizations.<\/p>\n<p style=\"text-align: justify\">Gartner identified <em>four types<\/em> of cloud service that met the inclusion criteria (product capabilities, market presence and cloud service attributes):<\/p>\n<ol style=\"text-align: justify\">\n<li>\n<h5>&#8220;Born in the cloud&#8221; solutions<\/h5>\n<\/li>\n<li>\n<h5>&#8220;New-generation&#8221; solutions<\/h5>\n<\/li>\n<li>\n<h5>Existing solutions that have been substantially re-architected as cloud services<\/h5>\n<\/li>\n<li>\n<h5>Existing solutions delivered as public cloud SaaS<\/h5>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify\">The 2017 Magic Quadrant for Cloud Core Financial Management Suites evaluates vendors based on their ability to execute and completeness of vision. Each has been placed on the quadrant as either\u00a0<em>Leaders, Challengers, Visionaries and Niche Players.<\/em><\/p>\n<p style=\"text-align: justify\">The following solution vendors were evaluated and analyzed in the report: <em>Acumatica, Deltek, Epicor Software, FinancialForce, Intacct, Microsoft, Oracle (NetSuite), Oracle ERP Cloud, Ramco Systems, SAP and Workday.<\/em><\/p>\n<p style=\"text-align: justify\">According to Gartner, cloud core financial management applications should be deployed as part of a broader postmodern ERP strategy. \u00a0ERP is the single largest category of enterprise software spend, at $31.4 billion in 2016 and growing at 7% per annum through 2021 (on a constant currency basis).<\/p>\n<p style=\"text-align: justify\">For market sizing purposes, Gartner&#8217;s definition of ERP includes the categories of administrative ERP: financial management software (FMS), human capital management (HCM) software, operational ERP (manufacturing and operations software, and enterprise asset management (EAM) software.\u00a0The ERP market is undergoing a generational technology shift, driven by this adoption of cloud computing.<\/p>\n<p style=\"text-align: justify\">Looking for more information about ERP systems? Download our <a href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/free-erp-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">free buyers guide<\/a>, where you can find the top ERP software vendors, snippets about their highest ranking ERP solutions and products, plus the top 10 questions and tips to ask yourself and software vendor before purchasing!<\/p>\n<p style=\"text-align: justify\"><em>And don&#8217;t forget to follow us on <span style=\"text-decoration: underline\"><a href=\"https:\/\/twitter.com\/WorktechReview\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a><\/span>, <span style=\"text-decoration: underline\"><a href=\"https:\/\/www.facebook.com\/solutionsreview\/\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook <\/a><\/span>and <span style=\"text-decoration: underline\"><a href=\"https:\/\/www.linkedin.com\/showcase\/15089421\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn<\/a><\/span>\u00a0for all the latest in the ERP space!<\/em><\/p>\n<p style=\"text-align: justify\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"third-1\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/free-erp-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" title=\"ERP Buyer's Guide\" src=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2019\/06\/erp-third.jpg\" alt=\"Download Link to ERP Buyer's Guide\" \/><\/a> <a class=\"third-2\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/free-manufacturing-erp-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" title=\"MERP Buyer's Guide\" src=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2019\/06\/merp-third.jpg\" alt=\"Download Link to MERP Buyer's Guide\" \/><\/a> <a class=\"third-3\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/free-distribution-erp-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" title=\"DERP Buyer's Guide\" src=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2019\/06\/derp-third.jpg\" alt=\"Download Link to DERP Buyer's Guide\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gartner Inc., the world&#8217;s leading information technology research and advisory company, recently released their latest Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises. This is the first Magic Quadrant for cloud core financial management suites. The market is still evolving so the definition is broad, covering midsize, large and [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[7,1],"tags":[100,11,123,120,76],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New: Gartner&#039;s 2017 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises - Solutions Review | ERP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/new-gartners-2017-magic-quadrant-for-cloud-core-financial-management-suites-for-midsize-large-and-global-enterprises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New: Gartner&#039;s 2017 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises - Solutions Review | ERP\" \/>\n<meta property=\"og:description\" content=\"Gartner Inc., the world&#8217;s leading information technology research and advisory company, recently released their latest Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises. This is the first Magic Quadrant for cloud core financial management suites. The market is still evolving so the definition is broad, covering midsize, large and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/new-gartners-2017-magic-quadrant-for-cloud-core-financial-management-suites-for-midsize-large-and-global-enterprises\/\" \/>\n<meta property=\"og:site_name\" content=\"Solutions Review | ERP\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-29T16:57:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-26T18:30:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2017\/06\/Whats-Changed-Gartners-2017-Magic-Quadrant-for-Cloud-Core-Financial-Management-Suites-for-Midsize-Large-and-Global-Enterprises.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Elizabeth Quirk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Worktech_Review\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Elizabeth Quirk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/new-gartners-2017-magic-quadrant-for-cloud-core-financial-management-suites-for-midsize-large-and-global-enterprises\/\",\"url\":\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/new-gartners-2017-magic-quadrant-for-cloud-core-financial-management-suites-for-midsize-large-and-global-enterprises\/\",\"name\":\"New: Gartner's 2017 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises - 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