Gartner Research

Critical Capabilities for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises

Published: 10 May 2021


The market for cloud core financial management suites is growing strongly as finance organizations migrate from on-premises applications. Application leaders should study this report when assessing cloud solutions that could help them compete in rapidly evolving digital business environments.

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Key Findings
  • The competitive environment for cloud core financial management suites has intensified since 2020 as more capabilities and features have been included in these offerings, such as financial accounting hubs, financial planning and analysis (FP&A), and artificial intelligence (AI) and machine learning (ML).

  • As solutions have become more comprehensive and robust, adoption has increased especially among service-centric organizations, but also among product-centric organizations.

  • Some scores have changed significantly since the 2020 edition of this Critical Capabilities report, due to changes in customer perceptions identified by Gartner’s interactions with clients.

  • Product functionality is the most important factor when evaluating cloud core financial management

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  • Acumatica
  • FinancialForce
  • Infor
  • Microsoft
  • Oracle (NetSuite)
  • Oracle (Oracle Fusion Cloud ERP)
  • Sage Intacct
  • SAP (Business ByDesign)
  • SAP (S/4HANA Cloud)
  • Workday
  • GL Coding Structures/Processes
  • Complex GL Capabilities
  • Purchasing and Accounts Payable
  • Accounts Receivable
  • Fixed-Asset Accounting
  • Project Accounting/Costing/Billing
  • Financial Analytics/FP&A
  • Usability
  • Geographic Coverage
  • Configure/Deploy/Integrate
  • Lower Midsize Focus
  • Upper Midsize Focus
  • Large Enterprise Focus
  • Global Enterprise Focus
  • Subsidiary/Business Unit Focus
  • Core Financials for Lower Midsize Enterprises
  • Core Financials for Upper Midsize Enterprises
  • Core Financials for Large Enterprises
  • Global Enterprise Financial Backbone
  • Subsidiary/Business Unit Finance Systems

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Critical Capabilities: A deeper look into provider offerings

How does a Critical Capabilities report work?

As a companion to the Magic Quadrant™, a Critical Capabilities report scores competing products and services against a set of meaningful differentiators. It reveals which options are the best fit in various use cases to help you focus on the vendors best suited to your needs.

A Critical Capabilities report is more than just a diagram. You also get:

Sharper focus

Narrow down the product and service criteria most important to you.

Individualized use cases

Use interactive features to customize usage scenarios based on your organization’s unique needs.

Faster decision making

Use data to speed up provider selection and accelerate the procurement process.

A Gartner Critical Capabilities report is just one of our many offerings.

We provide actionable, objective insight to help organizations make smarter, faster technology decisions to stay ahead of disruption and accelerate growth.

Pick the right provider with confidence

We use a Critical Capabilities report, the Magic Quadrant and more to ensure you select the best-fit provider to avoid the costly repercussions of a poor decision.

Align deal structures and optimize spend

We benchmark pricing against the market so you avoid unnecessary charges.

Reduce complexity and risk

We analyze contract terms and conditions to protect you against future price increases and unanticipated costs.

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