Oracle NetSuite named a Leader in Cloud Core Financial Management Systems for Third Year Running

As a leading UK NetSuite partner, Eureka Solutions is delighted to note that, for the third year in a row, Gartner Inc. has placed Oracle NetSuite in the Leaders quadrant of its Magic Quadrant for Cloud Core Financial Management Systems for Midsize, Large and Global Enterprises.

 

NetSuite was one of only three systems to be named a Leader, with Gartner highlighting NetSuite’s product capability, its global reach and scalability, and its customer satisfaction levels as key points of differentiation.

 

The report authors wrote,

 

“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.”

 

They continued that companies seeking a new ERP solution should,

 

“Consider NetSuite when seeking a mature midmarket cloud financial management solution capable of supporting substantial global multinational and multi-subsidiary operations.”

 

One of the main advantages of NetSuite over other ‘cloud’ alternatives, that really makes a difference to its flexibility and scalability, it that it is TRUE cloud. It was built for the cloud, from the start, from the ground up. This makes the rewards for businesses moving to NetSuite from on-premise or ‘hybrid’ systems tangible. Gartner notes, on this point,

 

“Since the previous version of this Magic Quadrant, Gartner continues to see an increasing amount of end-user enquiries about cloud solutions in this market, with less than 5% of Gartner clients declaring interest in acquiring or maintaining on-premises or hosted solutions,” the report states.

 

NetSuite’s focus on ongoing customer satisfaction also shines through in the report. NetSuite customers enjoy, among other things, twice yearly updates that are automatically delivered to all NetSuite uses – no downtime to install upgrades, reduced ongoing IT costs and increased productivity. In fact, this report is complemented by another recent Garter report which acknowledged NetSuite and which is based on in-depth customer feedback – the 2020 Gartner Peer Insights Customer Choice for Service-Centric ERP Solutions.

 

One customer offered the following feedback,

 

“NetSuite has been a wonderful all in one solution for everything from Accounting, CRM, HR/Payroll to Manufacturing. It’s a very user-friendly system that has reduced our need for redundant data entry or software syncing and has helped us move to more automated processes while adding more checks and balances.”

 

Contact Eureka Solutions if you would like any further information on the functionality, flexibility and scalability that NetSuite could offer your organisation.

 

You can also read the full Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises report here.

 

Note:

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.