Oracle NetSuite

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.

Gartners Magic Quadrant for Cloud Core Financial Management Suites for Midsize, 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.

View the full Gartner 2020 report