Infor, a global leader in business cloud software specialised by industry, recently announced that Gartner Inc. has positioned Infor CloudSuite in the Visionaries quadrant of the 2020 Gartner Magic Quadrant for Cloud Enterprise Resource Planning (ERP) for Product-Centric Enterprises. Infor was positioned highest for its ability to execute in the Visionaries quadrant.
“We believe Infor’s siting as a Visionary in this Gartner Magic Quadrant recognises our ability to provide CloudSuites that are designed to serve certain specific needs of a variety of industries, including manufacturing, healthcare, distribution, public sector, retail and hospitality,” said Mark Bannerman, , Managing Director – Infor Services at iOCO. “Infor’s CloudSuites utilise Infor’s leading technology platform, Infor OS to power next-generation user experiences, integrations and workflows, which are designed to help increase productivity and collaboration.”
Together with mobile access and implementation accelerators, Infor CloudSuites deliver back-office operations, key industry analytics and reporting in an effort to help lower companies’ risks and help keep them current with the latest innovations. This can provide enterprises with agility and flexibility to help drive performance and scalability and assist in reducing time-to-value.
In its Magic Quadrant for Cloud ERP for Product-Centric Enterprises, Gartner notes that; “By 2022, 30 percent of large enterprises will have moved to a platform- and product-centric approach with standardised ERP capabilities at the platform core.” In addition, the report stated; “By 2025, the top four ERP vendors will rebrand themselves as business platform providers.”
According to the Magic Quadrant report, Gartner defines a product-centric cloud ERP suite as a set of loosely coupled products comprising various critical elements. “These include operational ERP, supply chain and manufacturing-related functionality. These include demand management, order management, material requirements planning (MRP), inventory management, supply chain/direct procurement, manufacturing control capabilities, and distribution/logistics,” confirms Bannerman.
The report also notes these essential elements; financial management functionality (those vendors that provide only financial management as a suite are rated in a separate Magic Quadrant); purchasing focused on indirect goods, services and capital equipment; human capital management (HCM) for cost management as well as staffing for operational resources; and specialised, industry-specific modules or applications including, but not limited to, modules such as configure-to-order (CTO) or make-to-order (MTO), and field service management (FSM), or broader application solutions like enterprise asset management (EAM) and product life cycle management (PLM).
“As the largest Infor partner in Africa, we are proud to represent a suite of solutions that meets these requirements, delivering true value to businesses across Africa, and the world,” concludes Bannerman.