Ventana Research is sharing insights about Oracle, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements. The 2022 Ventana Research Value Index: Business Planning is a distillation of a year of market and product research efforts.
In all of our Value Indexes, we utilize a structured research methodology that includes evaluation categories designed to reflect real-world criteria incorporated in a request for proposal and vendor selection process for business planning. We evaluated Oracle and 13 other vendors in seven categories, five relevant to the product (Adaptability, Capability, Manageability, Reliability and Usability) and two related to the vendor (Total Cost of Ownership/Return on Investment and Vendor Validation). To arrive at the Value Index rating for a given vendor, we weighted each category to reflect its relative importance in an RFP process, with the weightings based on our expertise and research.
Oracle is a global provider of a broad set of applications and data technology. Oracle Fusion Cloud EPM is designed to address the requirements of large organizations, connecting operational and financial plans with specific support of human resources and project planning. The software is available through cloud computing or an on-premises model called Oracle Hyperion EPM. The cloud version was evaluated for this Value Index.
Oracle was categorized as an Innovative Vendor, ranking third overall in this Value Index evaluation. It ranked first in Product Experience, where it was designated as a Value Index Leader in Capability, Manageability, Reliability and Usability. It ranked ninth in Customer Experience, performing best in TCO/ROI. Oracle’s overall performance was impacted by its lower ranking in Adaptability and Validation, which represent 25% of the weighting in the overall Value Index.
Our assessment finds that Oracle could perform better in Validation, where it ranked 11th, in the area of services and support to help demonstrate its customer commitment for business planning. In TCO/ROI, where it ranked ninth, Oracle could examine information it provides for explaining the benefits and the investment into its offering. This assessment was based on Oracle Fusion Cloud EPM, available in September of 2021.
As a result of the rapidly changing business landscape since 2020, and the need to quickly – and intelligently – change business plans and budgets to be agile and build resiliency, many organizations decided to adopt dedicated software to support a planning approach that offers speed and flexibility. Transforming how organizations plan and budget has become a top-of-mind issue for chief financial officers and CEOs. Our Value Index can help organizations make better informed decisions on software that is best suited to business needs.
This research-based index is the most comprehensive assessment of the value of business planning software in the industry. Technology buyers can learn more about how to use our Value Index by clicking here, and included vendors that wish to learn more can click here. Read the report here.