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Intacct Named a Visionary by Gartner in Magic Quadrant for Cloud Core Financial Management Application Suites
Intacct Achieves Highest Placement for Ability to Execute and Furthest for Completeness of Vision among Companies in the Visionaries Quadrant
SAN JOSE, Calif. – June 22, 2017 – Intacct, the innovation and customer satisfaction leader in cloud ERP software, today announced that Gartner, Inc. has named Intacct a Visionary in the Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises. Intacct’s placement is based on Gartner’s assessment of the company’s completeness of vision and ability to execute.
Amongst the companies positioned in the Visionaries quadrant, Intacct achieved the highest placement for ability to execute and furthest for completeness of vision. A total of 11 solutions were included in the Gartner Magic Quadrant report, which presents a global view of the cloud core financial management applications vendors from a market perspective.
Access a complimentary copy of the full report here.
In the report, Gartner notes: “The market for core financial management suites has been static for many years. However, over the last 12 to 18 months, cloud core financial management suites have matured to such an extent that they have disrupted this static market. This reflects the increasing prevalence of postmodern ERP strategies (see "Schrödinger's Cat: How ERP Is Both Dead and Alive"). Postmodern ERP is the deconstruction of suite-centric, monolithic, on-premises ERP deployments into loosely coupled applications, some of which can be domain suites (such as core financials or HCM) or smaller footprint applications that are integrated as needed.”
“This first-ever Gartner Magic Quadrant for cloud core financial management suites is a testament to the transformation taking place in this market as companies increasingly move from on-premises to cloud-based ERP solutions,” said Rob Reid, CEO of Intacct. “We believe our placement as the highest and furthest Visionary in the report and our above-average reference customer feedback are a clear validation of Intacct’s strategy and the incredible benefits we deliver to our customers.”
Intacct has embraced the post-modern ERP approach and designed the system to seamlessly connect with the other business software in place at an organization to ensure companies can stay on the fast track to growth. Intacct cloud ERP software helps companies navigate the shifting challenges and opportunities they face in their market by empowering finance teams with deep functionality that automates key financial processes and surfaces the richest financial and operational insights.
For this Magic Quadrant, Gartner defines core financial management suites as follows:
- The core functional areas of general ledger (GL), accounts payable (AP), accounts receivable (AR), fixed assets (FA), project accounting, project costing, and project billing.
- Financial analytics and reporting, including provision of financial information (such as P&L and balance sheet) and the ability to provide financial information such as KPIs to managers and executives.
- Basic indirect purchasing functionality (from creating a requisition through to purchase order processing and AP invoice matching and payment), because many organizations — especially midsize organizations — need some basic procurement functionality as part of a core financial applications deployment.
To learn more about what makes Intacct the innovation and customer satisfaction leader in cloud ERP software, please visit https://us.intacct.com/why-intacct.
About the Gartner Magic Quadrant
Gartner Magic Quadrant reports are a culmination of research in a specific market, giving companies a wide-angle view of the relative positions of the market's competitors. The reports help prospective buyers quickly ascertain how well technology providers are executing their stated visions and how well they are performing against Gartner's market view.
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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