Insights

Oracle Named a Leader in the 2022 Gartner® Magic Quadrant™ for Financial Planning Software

Oracle NetSuite Planning & Budgeting (NSPB) recognized as a Leader

Learn why Gartner named Oracle NSPB a Leader in the most recent Magic Quadrant report.

NSPB, which is built on the Oracle Fusion Cloud Enterprise Performance Management platform, automates labor-intensive planning/budgeting and reporting processes so finance teams can quickly and easily produce budgets and forecasts, model what-if scenarios and generate reports — all within one collaborative, scalable solution. With less time spent on manual consolidation, troubleshooting, reporting and data loading, finance staff can reallocate time from data entry and formula maintenance to strategic analysis activities that have a greater impact on the company’s financial position. NSPB enhances the planning/budgeting and reporting processes through:

Control: Robust data synchronization with NetSuite ERP ensures automated, ongoing access to up-to-date financial and operational data. Reduced reliance on manual data input and reconciliations means better control.
Collaboration: All stakeholders work in a connected, single environment, streamlining data collection and reporting. Accessibility boosts participation and accountability, making it easier for finance to get meaningful input and engagement from operational managers.
Visibility: Data is entered in one centralized place, creating a single, agreed-upon version of information. Any changes made to numbers in the system are automatically reflected in reports and dashboards, so the current business situation is always clear.

Oracle Fusion Cloud Enterprise Performance Management’s key strengths noted in Gartner’s Magic Quadrant report include:

Strong predictive analytics offering: Oracle offers AI/ML (Artificial Intelligence/Machine Learning)predictive forecasting capabilities, including “Auto Predict,” a time-series prediction engine using historical data. It also offers “ML Model Import,” which allows clients to import an externally trained ML model, and “IPM Insights,” which finds trends, patterns, insights, forecast bias and anomalies. Out of 13 algorithms available, the ML model auto-selects the best one.
Market understanding: Oracle periodically surveys customers and prospects to get in-depth views on investment, adoption trends and customer priorities, providing a deep understanding of user needs. It also performs market research to drive new product feature development.
Innovative product roadmap: Oracle’s next planned release will offer an AutoML engine with a full end-to-end ML life cycle, including ML model training. It has committed to continue investing in its predictive solution. Oracle also plans to release predictive cash forecasting, a prebuilt AutoML module, as well as a predictive planning event calendar, allowing users to improve prediction accuracy by tagging known business events in historical data.

NetSuite is a software company that has developed a cloud-based business management platform used by more than 33,000 fast-growing organizations across the globe. NetSuite’s platform consists of a suite of applications that help companies run their business, understand the performance of their businesses, and drive major efficiency gains and cost savings.

NetSuite’s parent company, Oracle, is a public company with customers worldwide, the majority in North America. It serves clients with less than $50 million to over $5 billion in revenue in many verticals, including healthcare; manufacturing; and banking, finance, and insurance. An innovative area of functionality is its Intelligent Performance Management (IPM), which includes IPM Insights, predictive planning and allows clients to import external AI/ML models.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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