Oracle NetSuite has once again been named a Leader in 2021 Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, marking the fourth year in a row NetSuite has received the honor.
NetSuite is one of only four vendors in the Leaders Quadrant and is recognized for its Completeness of vision and ability to execute.
While the Stamford, Conn.-based research firm saw inquiries about the sector fall off in 2020, that trend has since reversed.
“Inquiry levels for 2021 are up, showing that this market is resilient, as many organizations seek to move to more modern solutions from their legacy and outdated on-premises, license-based solutions,” the report states. “Organizations see the allure of new tools, but some are still not ready for a typical six- to 24-month project (sometimes longer) due to restrictions around funding, working remotely and overall unpreparedness. As a result, many projects that selected solutions targeting legacy system replacement in 2020 and 2021 have been postponed, but will be ramping up shortly in the remainder of 2021 and in 2022.”
In fact, NetSuite now counts more than 24,000 customers in more than 215 countries and territories and territories and more than 570 complementary applications on its SuiteApp.com marketplace.
Gartner, Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, John Van Decker, Greg Leiter, Robert Anderson, 10 May 2021
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