Epicor has been named a Leader in the 2023 Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises! This recognition reinforces Epicor’s role as an ERP leader and further highlights the adaptability and agility of the Epicor Industry ERP Cloud as a cognitive ERP platform ready for the future.
The movement from the Challenger quadrant in 2022 to the Leader quadrant in 2023 reflects Epicor’s strong focus on delivering midmarket operational ERP in the cloud, understanding where the market is heading, and having the products to support that journey.
This is a significant milestone for Epicor and represents recognition from an influential global analyst firm that Epicor is a leading market contender.
Gartner’s Competitive Positioning Points for Epicor
Strong midsize offering for discrete/retail
Nearly all Epicor customers are lower midsize, and it has a strong solution set to handle complex requirements for discrete manufacturing and retail/wholesale distribution. These capabilities include CPQ and advanced analytics.
Epicor leverages Microsoft Azure for infrastructure services and can provide a variety of services with its Automation Studio and Data Platform, including integration, low-code and full-code development, AI/ML capabilities, and analytics in a variety of geographies for hosting its cloud solution. This may enable a highly composable architecture and approach for midsize customers only found in more expensive and large enterprise-focused vendor platforms.
Data as a service Epicor’s product strategy increasingly focuses on a shift from transactional ERP to a data-driven operational model enabled by AI and business intelligence capabilities. This “data as a service” approach is designed to change how data is shared between trading partners to optimize supply chain processes and minimize disruptions
What is the Gartner Magic Quadrant?
Gartner Magic Quadrants are evaluative research reports that offer visual snapshots, in-depth analyses, and actionable advice that provide insight into a market’s direction, maturity, and participants.
Magic Quadrants compare vendors based on criteria and methodology established by Gartner. Each report comes with a Magic Quadrant graphic that depicts a market using a two-dimensional matrix that evaluates vendors based on their Completeness of Vision and Ability to Execute.
Gartner Magic Quadrant research methodology provides a graphical competitive positioning of four types of technology providers in fast-growing markets: Leaders, Visionaries, Niche Players, and Challengers.
A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market’s competitors.
What exactly is the Gartner Magic Quadrant for Cloud ERP?
This Magic Quadrant report covers product-centric ERP products in a cloud services application deployment. Gartner’s view of the market is focused on transformational technologies or approaches delivering on end users’ current and future needs.
Gartner defines Leaders as those with a track record of successfully delivering high-quality, cloud-native modernization and managed services. They are well-positioned to continue delivering leading-edge services into the future.
Deep dive into the 2023 report findings
As seen in the report, the market for cloud ERP software for product-centric enterprises is defined as the ‘application technology that supports the automation of operational and financial activities for the manufacturing, distribution, delivery and servicing of goods’. What needs to be highlighted is that these ERP solutions do not only include operational and financial management capabilities, but they can also offer procurement, human capital management (HCM), and other industry-specific modules.
In today’s business world, the market for ERP for product-centric enterprises is accelerating its transition to cloud deployment models. In specific, Gartner predicts that:
- By 2026, 35% of product-centric enterprises are projected to attain a high level of composability within their ERP applications, encompassing integration, data management, and security.
- By 2026, 30% of enterprises are expected to turn to their ERP applications as a central tool for facilitating environmental, social, and governance (ESG) reporting.
Gartner praised Epicor for ‘handling complex requirements for discrete manufacturing and retail/wholesale distribution’. These capabilities include CPQ and advanced analytics. Furthermore, another identified strength for Epicor is its highly composable architecture, as it leverages Microsoft Azure’s infrastructure services, to offer an array of services through its Automation Studio and Data Fabric. These services encompass ‘integration, low-code and full-code development, AI/ML capabilities, and analytics, accessible across various geographic locations to support its cloud-based solution’. This flexibility fosters a highly composable architecture and approach, typically associated with more expensive, enterprise-focused vendors, but now accessible to midsize customers.
Last but not least, Epicor’s strength lies in its evolving product strategy that places a growing emphasis on transitioning from a transactional ERP system to a data-driven operational model, leveraging the power of AI and business intelligence capabilities. This forward-thinking approach, known as “data as a service”, is designed to change data exchange, by optimizing supply chain operations and minimizing disruptions in the production process.
ATC as an Epicor Authorized Partner
As Epicor’s Authorized Partner and the Exclusive Distributor of Epicor Kinetic Solutions in Greece and Cyprus since 2001, we believe that this recognition validates our ability to provide manufacturers with the best ERP solutions.
Epicor ERP solutions and its past Gartner recognitions
- 2022 | A Challenger in the 2022 Gartner Magic Quadrant
- 2021 | Gartner recognizes Epicor for its vision and execution
- 2020 | Gartner ranks Epicor 1st in ERP Functionality for Midsize Enterprises
- 2019 | Epicor ranks 1st in the ERP Functionality in Gartner’s Critical Capabilities report for Cloud ERP for Product-Centric Midsize Enterprises