The marketplace for enterprise software products is lively and fast-paced. Every week brings exciting new product announcements, client “win-wires” and reports of analyst coverage. Here is a roundup of some industry highlights for the last few months.
Acumatica – A Visionary Again
Acumatica, known as the world’s fastest-growing cloud ERP company, was once again acknowledged as a Visionary in Gartner’s “2019 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.” The evaluation was based on completeness of vision and ability to execute.
According to Jon Roskill, CEO of Acumatica, “Our customer satisfaction and Net Promoter Scores continue to lead the industry.” He then added, “As we believe this Gartner Magic Quadrant demonstrates, we’re successfully competing with the world’s biggest companies and best-known brands.”
In the research report Gartner wrote, “Clients often ask Gartner what value a cloud project to deliver core financial capabilities can provide, and whether it can deliver this value sooner than on-premises solutions. We find that, as more organizations are adopting cloud solutions, they are typically achieving a faster time to value than they did with on-premises solutions. This improvement is often achieved when cloud core financial system deployments are accompanied by financial modernization and transformation efforts that include best-practice process adoption and simplification.”
Microsoft Power BI – 12 Years a Leader
Microsoft Power BI, the business analytics service that delivers insights that drive fast, informed decisions, has now been recognized as a leader Gartner Magic Quadrant for Analytics and Business Intelligence Platforms for 12 consecutive years. This is a remarkable achievement, prompted by Power BI’s ability to transform data into striking visuals that can be shared across teams on any device. Power BI is also known for being able to work both on-premises and in the cloud and do so in a single view.
The Power BI toolset is designed for collaboration, with shared customized dashboards and interactive reports.
Microsoft Dynamics 365—A Revenue Engine
Microsoft cited its Dynamics 365 product in its quarterly earnings announcement. The company revealed that Dynamics products and cloud services revenue had increased 13% (up 15% in constant currency) in the most recent period. This growth was driven by Dynamics 365, which had revenue growth of 43% (up 44% in constant currency).
Oracle NetSuite, the world’s number one cloud ERP, continues to garner awards for its suite of products. NetSuite ERP includes modules for financial management, financial planning, order management, production management, supply chain management, warehouse and fulfillment. In recognition of its excellence, NetSuite won a Cloud Award for the CRM Solution of the Year category for 2018-2019. The Cloud Awards a long-standing, influential platforms for organizations that wish to gain recognition for their cloud-based offerings.
The company was also included in the Q3 2018 Enterprise Cloud Finance Shortlist by industry analyst firm Constellation Research. Constellation’s shortlist is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research.