Infor, the industry cloud company, today announced that Gartner® Inc. has positioned Infor as a Leader in the 2021 Gartner Magic Quadrant™ for Cloud ERP for Product-Centric Enterprises.
Infor’s position as one of the Leaders in this Gartner Magic Quadrant was based on Gartner’s evaluation of Infor’s industry-specific CloudSuite solutions, which are powered by its LN, M3, and SyteLine ERP platforms.
“Infor is proud to be recognized as a Leader in this Gartner Magic Quadrant,” said Soma Somasundaram, Infor Chief Technology Officer and President of Products. “We believe Infor differentiates itself in the market with our industry-specific, multi-tenant cloud ERP solutions (CloudSuites), which are built with a high degree of API-centricity and data-centricity.
“These solutions are smart, preconfigured, and modern, so we can help customers grow and digitally transform their businesses, recognize faster time-to-value, and continue to innovate,” he noted. “Customers can take advantage of the fact that our platform is flexible and extensible, includes built-in industry-standard practices, and is designed to be easy to use.”
In its 2021 Magic Quadrant for Cloud ERP for Product-Centric Enterprises, Gartner notes that “The ERP for product-centric enterprises market is accelerating its transition to cloud deployment models. ERP application leaders should use this Magic Quadrant to evaluate cloud ERP application suites as part of a composable ERP strategy.”
According to the Gartner report, “By 2023, organizations that have successfully renovated their ERP platforms will achieve at least a 40% improvement in IT the agility to deliver business outcomes.”
In addition, the report stated, “By 2023, 60% of product-centric enterprises will utilize standardized ERP capabilities on a composable ERP platform.”
Gartner also wrote in the report that, “By 2024, 60% of enterprise SaaS applications will be composed of packaged business capabilities that provide data, analytical insight, and operational application services.”