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Solutions Review editors highlight what has changed since the last iteration of the Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises and provide analysis for the new report.
Analyst firm Gartner, Inc. recently released the 2021 version of its Magic Quadrant for Cloud ERP for Product-Centric Enterprises. According to the report by Gartner, the Cloud ERP Software for Product-Driven Enterprises Market is defined as an application technology that supports the automation of financial and operational activities for ongoing manufacturing, delivery, and maintenance. of various products.
The core capabilities of these ERP solutions include operational ERP functionality and financial management capabilities. However, Gartner notes that these solutions may also offer procurement, human capital management (HCM), and other industry-specific modules.
What’s Changed: 2021 Gartner Magic Quadrant for Cloud ERP for Product-Driven Enterprises
In this updated Magic Quadrant, Gartner identifies what it believes to be the top 10 providers of cloud ERP solutions for product-centric enterprises. and assess the strengths and weaknesses of each. The Gartner report also features the signature “Magic Quadrant†graphic, which provides readers with an illustration of how Gartner ranks suppliers’ ability to execute their vision. The diagram has four quadrants: Leaders, Challengers (however, no vendor falls into this category in the 2021 report), Niche Players, and Visionaries.
Gartner is adjusting the criteria it uses to assess suppliers to reflect changing market trends, meaning that the 2021 edition of the Magic Quadrant for Cloud ERP for Product-Centric Enterprises looks different from last year’s report. For example, IFS is no longer listed in the report, because the 2021 launch of its new ERP application suite, IFS Cloud Applications, had not yet reached the number of active customers needed to qualify for the report. Meanwhile, Gartner has added SAP and Priority Software to this iteration of its report.
Below is a breakdown of each category and the businesses associated with it.
Leaders
Oracle Fusion Cloud ERP software tops the Leader category in the report. With a suite of administrative and logistics operational capabilities, Fusion Cloud ERP is best suited for mid-size, large, and global businesses across industries looking for a solution that can handle complex workflows. The Gartner report highlights the integration capabilities, global reach and breadth of functionality of the solutions (for HCM, manufacturing, finance and other markets) as its strengths.
Microsoft Dynamic 365 Finance and Supply Chain Management, two individual solutions with many connections, are aimed at medium to large enterprises requiring specialized capabilities for industries and regions around the world. Dynamics 365 users can benefit from a suite of integration options with Microsoft and third-party tools, all of which can be managed from a cohesive platform. Gartner recommends Microsoft solutions to manufacturing, retail, and consumer packaged goods businesses.
Infor CloudSuites is a leader in this year’s report, a step up from its ranking as a Visionary in iteration 2020. CloudSuites is ideal for upper-mid-size businesses, large enterprises, and global businesses that need Operational ERP solutions capable of integrating with other business applications. Gartner identifies its strengths as industry-specific capabilities, support for complex manufacturing scenarios, and ability to extend functionality through Infor OS integrations.
Visionaries
Epicor’s ERP solution, Kinetic, can be sold and implemented from Epicor itself or through various partners and is best suited for mid-sized businesses in the automotive, retail markets. , retail, low-key manufacturing and building materials. The solution maintained its position as a Visionary. Gartner cites its understanding of mid-market needs, industry-specific support, and partnership with the Microsoft Azure platform as its strengths.
Oracle makes another appearance in this report with NetSuite, an ERP solution for midsize businesses with a global footprint. Its functionality is applicable to industries such as manufacturing, high tech, retail, field service and wholesale distribution and should be considered by product-oriented companies looking for a one-stop-shop solution. Strengths include its range of back office capabilities, global reach, active online community and thriving partner ecosystem.
The QAD enterprise platform provides users with operational ERP capabilities through the Adaptive QAD ERP suite of products. QAD primarily works with mid-sized manufacturing companies in the automotive, food, high tech, consumer products, life sciences and industrial sectors. Gartner says QAD is a good choice for businesses that need quality management, global trade, transportation, demand, and supply chain planning capabilities. Its strengths include its built-in automation tools, ROI, and manufacturing specializations.
SAP S / 4HANA Public Cloud Edition is one of the new additions to the Magic Quadrant for Cloud ERP for Product-Centric Enterprises. The solution provides users with a range of industry-specific add-ons and functionality for global companies looking for an enterprise-level configurable ERP solution for moderately complex workflows. Gartner identifies its strengths as its diverse partner network, enhanced user experience, automation capabilities, and industry expertise.
Niche players
Acumatica’s Cloud ERP suite is again listed as a niche player in the Gartner report, although its “ability to execute†has improved and propelled it higher in the category. The company‘s native cloud solution is designed specifically for midsize businesses and is equipped with manufacturing, financial and distribution ERP capabilities. Acumatica also displays higher levels of customer satisfaction, with many users expressing appreciation for the quality and prices of the company’s products.
Like Acumatica, Plex also showed improved “execution ability” and saw its ranking increase in the Niche Player category. The Plex smart manufacturing platform targets mid-sized manufacturers and is ideal for businesses that focus on discrete and batch process processing or large businesses that want to optimize their plant operations. Its strengths, according to Gartner, include its capabilities as a manufacturing fulfillment system, product lifecycle management, multi-tenant cloud delivery model.
Priority Software is the last participant in this year’s report. A newcomer to Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises, Priority Software’s Cloud ERP solution offers a variety of operational and administrative ERP capabilities for discrete and process manufacturing. While Priority mainly focuses on the EMEA region, it has started to expand its customer base in North America. Strengths cited in Gartner’s report include its growth rate, administrative ERP functionality, and general-purpose capabilities for various manufacturing projects.
Read the full Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises report here.
William Jepma is Editor, Writer and Analyst at Solutions Review which aims to keep readers from all industries informed and excited about the latest developments in Enterprise Resource Planning (ERP), Customer Relationship Management (CRM) and marketing automation. You can connect with him on LinkedIn or reach him by email at [email protected].
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