Oracle has announced that it has been positioned in the leaders quadrant in the recent Gartner Report, “Magic Quadrant for Corporate Performance Management Suites, 2007.” This report examines and evaluates vendors for their ability to execute and completeness of vision.
According to Gartner, the Corporate Performance Management (CPM) Suite market includes the processes used to manage corporate performance, such as strategy formulation, budgeting and forecasting. It also includes the methodologies that drive some processes, including the balanced scorecard, or valued-based management, as well as the metrics used to measure performance against strategic and operational performance goals.
Gartner also noted that in order to be effective, CPM must be supported by a suite of analytical applications that provide the necessary functionality to support these processes, methodologies and metrics.
"Information can only drive insight and action if it is timely, accurate and in the right hands at the right time," said Rich Clayton, vice president, Business Intelligence and Performance Management Marketing, Oracle, in a Monday statement.
"With Oracle Enterprise Performance Management System, we are breaking down information silos within organizations -- enabling CFOs, line-of-business managers and IT executives to confidently utilize their data assets to drive better visibility, planning and alignment across the enterprise. We believe Oracle's position in the leaders quadrant for Corporate Performance Management Suites further validates our vision and strategy in this sector."
The convergence of Corporate Performance Management and Business Intelligence technologies has dictated that organizations need to integrate enterprise performance offerings.
The comprehensive and integrated Oracle Enterprise Performance Management (EPM) System is a component of Oracle Fusion Middleware
. This solution brings together performance management applications, packaged business intelligence applications and business intelligence foundation and tools products into a complete and integrated system.
This system then allows the organization to manage and optimize performance across business functions. In addition, the hot-pluggable architecture of the offering helps customers to extend the value of their performance management and analytics applications across heterogeneous IT environments.
Oracle is committed to delivering innovative Business Intelligence and EPM offering. As proof of its focus, the company is planning a number of enhancements for the upcoming release of its EPM System that includes new XBRL capabilities, improved drill back functionality, a new profitability and cost management application, and the release of Oracle’s Essbase Studio and Oracle Enterprise Performance Management Smart Space.
Oracle has more than proven itself in the telecommunications industry with its offerings and their performance. With this latest recognition, the company not only has its own brand for positioning, it can now lean on the power of the Gartner name.
Being placed in the leaders quadrant is significant for any company as it is commended by this well-respected firm as offering solutions that are delivering on their promises and helping to drive growth.
Susan J. Campbell is a contributing editor for TMC and has also written for eastbiz.com. To see more of her articles, please visit Susan J. Campbell’s columnist page.
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