Oracle NetSuite again ‘leader’ in Gartner’s 2020 Magic Quadrant
for Cloud Core Financial Management Systems for medium, large and global enterprises.
Also this year, research firm Gartner Inc. – the best IT research and consulting firm in the world – NetSuite as one of three leaders in its Magic Quadrant report for Cloud Core Financial Management Systems for medium, large and global enterprises.
Gartner about Oracle NetSuite in the report:
Oracle NetSuite is a Leader and continues to maintain its position relative to both its Ability to Execute and Completeness of Vision since last year’s Magic Quadrant with a continuously executed roadmap and broad industry support. Consider NetSuite when seeking a mature midmarket cloud financial management solution capable of supporting substantial global multinational and multisubsidiary operations.
Key take-aways about this positioning in the Magic Quadrant:
- Scalability and global reach
Several customers noted that the solution can grow with the changing requirements of their organization. 60% of NetSuite customers operate in one or more countries and can add nuances at a local level to benefit from global business consolidation.
- Customer satisfaction
NetSuite scores high on overall customer satisfaction, but also received high scores in the areas of evaluation/contract negotiation, implementation and integration and service and support. Insight into the value of money spent, the ability to understand customer needs and respond to the supplier in a timely manner were also scored in the top quartile.
In addition, NetSuite also scores high with NetSuite’s SuiteSuccess Methodology that ensures implementations stay on track by focusing on delivering industry-specific best practices.
- Product options
According to the Gartner report, NetSuite is a strong and comprehensive global financial management functionality. In particular, the flexibility of the solution and the ability to customize it as needed is highly rated.