Oracle named Leader in Magic Quadrant for Cloud HCM Suites
Oracle has been recognised, for the fourth consecutive year, as a Leader in Cloud HCM Suites for Midmarket and Large Enterprises by Gartner.
The 2019 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises evaluates vendors based on completeness of vision and ability to execute.
Compared to the previous year, Oracle maintained its position as the vendor placed furthest for completeness of vision for Cloud HCM Suites within this category.
“Once again, we believe Gartner’s recognition validates Oracle’s leadership and our innovation in the HCM marketplace,” says Oracle HCM Cloud development senior vice president.
“In our view, this is a tribute to our outstanding customers who partner with us and challenge us every day to find new ways to deliver technology solutions to help them be more agile, and deliver on outstanding employee experience. I’m proud to share this recognition with all of our HCM Cloud customers.”
According to the report, “Gartner assesses the Completeness of Vision of cloud HCM suite vendors by evaluating their ability to successfully articulate their perspectives on current and future market directions, anticipate customer needs and meet competitive forces. [Gartner] judge[s] a vendor’s Completeness of Vision on its understanding and articulation of how market forces can be exploited to create new opportunities for itself and its clients.”
The report also warns that “Gartner client inquiry feedback has indicated some discontent with the usability and configuration options for continuous performance management and recognition tools. Experience Design Studio is intended to streamline UX, but has not yet been widely adopted.”
“Using Oracle HCM Cloud has given our business the flexibility, efficiency and tools needed to deliver a personalized and seamless experience for our employees,” said True Blue payment services and financial systems vice president Lisa Harris.
“With evolving employee expectations and constantly changing business needs, it can be challenging to keep pace in such a competitive talent market, but with Oracle, we are equipped and ready to succeed.”
Part of Oracle Cloud Applications, Oracle HCM Cloud enables HR professionals to make work more human by improving the entire workplace experience for employees, candidates and HR professionals.
Oracle provides organisations with a complete HCM cloud solution that drives digital transformation and improves business agility while meeting both current and future business requirements.
Workday, SAP, and Ultimate Software were also named as leaders in the Quadrant.