{"id":236,"date":"2017-09-15T07:42:08","date_gmt":"2017-09-15T07:42:08","guid":{"rendered":"https:\/\/velan-bookkeeping.com\/blog\/?p=236"},"modified":"2026-01-05T15:25:14","modified_gmt":"2026-01-05T15:25:14","slug":"financial-softwares-what-does-gartners-mq-say","status":"publish","type":"post","link":"https:\/\/www.velan-bookkeeping.com\/blog\/financial-softwares-what-does-gartners-mq-say\/","title":{"rendered":"Financial Softwares: What does Gartner\u2019s MQ say?"},"content":{"rendered":"<p>Gartner has released its first-ever Magic Quadrant for Core Cloud Financial Software Management Suites! Concentrating solely on Cloud-based ERP which serves mid-sized, large and global organizations. At the onset, Gartner has excluded all players serving SMBs niche. This report revolves around the bigger ERP players.<\/p>\n<p>While we\u2019re waiting for the Critical Capabilities report which Gartner promised to deliver in the third-quarter of this year, join us in rehashing this first-of-its-kind report from Gartner.<\/p>\n<h2><strong>Some surprising results<\/strong><\/h2>\n<p>At Velan, we took a quick gasp when we first saw it. In the niche players\u2019 quadrant, there lies SAP! SAP is not going to take this lightly especially considering the fact that ERP &amp; Finance are its core strengths and S\/4HANA is doing the rounds. I mean, when was the last time you saw SAP in the niche players\u2019 quadrant? I can\u2019t place a single MQ (except this one) where SAP wasn\u2019t a visionary or more often, a leader. Can you?<\/p>\n<p>Velan has served quite a few European clients who favor SAP over all others, while the Americans lean towards Oracle. For the record \u2013 regardless of the tools our clients use, we have the ability to dexterously handle GL, AR, and AP in an offshore model.<\/p>\n<p>Oracle is way ahead in this game! Cheers to that license-ridden beast. Considering our experience with clients so far, we sincerely believe SAP should\u2019ve been positioned right next to Oracle in the top-right quadrant, but here\u2019s what Gartner notes as reasons for placing SAP in the lower-left:<\/p>\n<ul id=\"mpr-ul\">\n<li>Only SAP Business ByDesign fits the inclusion criteria set for this report. May include SAP S\/4Hana is a possible candidate for future inclusion.<\/li>\n<li>ByDesign targets SMBs with 1500 employees or lesser.<\/li>\n<li>\u201c<em>SAP Business ByDesign is primarily sold as a suite solution;<\/em> SAP has limited focus on line-of-business finance marketing and sales.\u201d<sup>+<\/sup><\/li>\n<li>According to Gartner, ByDesign risks being overshadowed by SAP S\/4HANA Cloud since SAP is focusing considerable marketing effort in the HANA direction.<\/li>\n<\/ul>\n<h2><strong>Gartner also notes that:<\/strong><\/h2>\n<ul id=\"mpr-ul\">\n<li>SAP Business ByDesign is most often used as a standalone financials system.<\/li>\n<li>It can scale to support upper-midsize organizations.<\/li>\n<li>\u201c<em>Gartner is aware of organizations using SAP Business ByDesign that have revenue in excess of $1 billion<\/em>\u201d<sup>+<\/sup><\/li>\n<\/ul>\n<p>Do you feel that Gartner never got around to dissecting the SAP ERP solution as a whole? Shaun from SCMFocus sure finds this \u201cniche player\u201d tag quite strange.<\/p>\n<h2><strong>Some Expected Outcomes<\/strong><\/h2>\n<p>It\u2019s nice to see Sage Intacct reigning as a visionary, followed closely by Microsoft, FinancialForce, and Accumatica. We\u2019ve not seen many clients using Accuamtica and this fact has been outlined by Gartner as well, in the <em>Cautions<\/em> section for Accumatica &#8211; Gartner notes that Accumatica lacks brand awareness and its marketing, focusses more toward the suite as a whole and loses out on the professionals and prospective clients in the financial realm.<\/p>\n<p>With a good share of our clients using Workday, Intacct, and FinancialForce, we hope to see a lot more clients adopt these tools owing to their position on the quadrant.<\/p>\n<p>The only two giants who\u2019ve managed to position themselves in the leaders\u2019 quadrant are Oracle and Workday. Between Oracle and Workday, the market footprint is oceans apart i.e. while Oracle boasts of a market cap of 209.97 billion and spreads across 7 continents, Workday only has an approximate market cap of 20.5 billion. Workday leaves behind giants like Epicor, Deltek, Microsoft and SAP (debatably, unless SAP wanted the industry to move on to S\/4HANA &amp; the upcoming quarter\u2019s report may perhaps include it).<\/p>\n<p>Intacct\u2019s completeness of vision means this tool is in for the long haul \u2013 we can almost see it hitting the top right quadrant very soon.<\/p>\n<h2><strong>Whatever the tool, rely on Velan<\/strong><\/h2>\n<p>Velan offers exemplary outsourced accounting and <a href=\"https:\/\/www.velan-bookkeeping.com\/cpa-accounting-firms\">bookkeeping services for CPA<\/a>s and firms. Whatever be the ERP of your choice, Velan\u2019s resources are adept and experienced in a wide range of Cloud-based ERP systems! We\u2019ve worked with clients big and small. Whether you\u2019re an SMB or a larger-than-life enterprise, Velan can offer you a team of accountants like no other.<\/p>\n<p>For all your outsourced accounting &amp; bookkeeping needs, all you need to do is call us @ <strong>+1-860-215-4997<\/strong>. Velan handles everything, right from bookkeeping to full-fledged accounting using any and every ERP software \u2013 General ledger (GL), <a href=\"https:\/\/www.velan-bookkeeping.com\/services-accounts-payable\">Accounts Payables<\/a> (AP), <a href=\"https:\/\/www.velan-bookkeeping.com\/services-accounts-receivables\">Accounts Receivables<\/a> (AR), reports and analysis. Velan can help you cut down on your staffing, training &amp; infrastructure costs by providing an extended cost-effective offshore team.<\/p>\n<h3><strong><em>Reference<\/em><\/strong>:<\/h3>\n<ol>\n<li><a href=\"https:\/\/www.gartner.com\/doc\/reprints?id=1-43I9UCB&amp;ct=170619&amp;st=sb\">https:\/\/www.gartner.com\/doc\/reprints?id=1-43I9UCB&amp;ct=170619&amp;st=sb<\/a><\/li>\n<li>+ marks direct excerpts from the report<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Gartner has released its first-ever Magic Quadrant for Core Cloud Financial Software Management Suites! Concentrating solely on Cloud-based ERP which serves mid-sized, large and global organizations. At the onset, Gartner has excluded all players serving SMBs niche. This report revolves around the bigger ERP players. While we\u2019re waiting for the Critical Capabilities report which Gartner<a href=\"https:\/\/www.velan-bookkeeping.com\/blog\/financial-softwares-what-does-gartners-mq-say\/\">&nbsp;Continue More<\/a><\/p>\n","protected":false},"author":4,"featured_media":3577,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-reporting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Softwares: What does Gartner\u2019s MQ say?<\/title>\n<meta name=\"description\" content=\"Gartner has released its first-ever Magic Quadrant for Core Cloud Financial Software Management Suites! 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