We’d like to shout it from the rooftops, and we should. And we are! That’s because 2021 marks the first time ever that Priority has been recognized in the prestigious 2021 Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises.1 In the report, Gartner identifies ten providers of Cloud ERP solutions for product-centric enterprises, where Priority was cited as a Niche Player based on its operational cloud ERP and financial management functionality.
The Gartner Magic Quadrant reports offer visual snapshots of the competitive landscape and the market positioning (ranking) of selected vendors in key market sectors. According to the report, the market for cloud ERP software for product-centric enterprises is defined as “application technology that supports the automation of financial and operational activities for the continued manufacturing, delivery, and servicing of various goods.”
According to the report, “By 2023, organizations that have successfully renovated their ERP platforms will achieve at least a 40% improvement in IT agility to deliver business outcomes, and 60% of product-centric enterprises will utilize standardized ERP capabilities on a composable ERP platform”. The report further states, “By 2024, 60% of enterprise SaaS applications will be composed from business capabilities that provide data, analytical insight and operational application services.”
In the spotlight
For any and all global ERP software vendors, to be included in the Gartner Magic Quadrant report, is a tremendous achievement. In a crowded and highly competitive market with several hundreds of local and global ERP vendors, to be recognized amongst our peers in this report, is a significant milestone in Priority’s portfolio.
ERP vendors were considered for inclusion in this Magic Quadrant report based on their ability to meet Gartner’s high standards for a robust cloud platform, solid ERP product functionality, company financial stability, a strong and diverse base of satisfied customers, and more.
In the report, Priority was ranked as a Niche Player that demonstrates operational and administrative ERP capabilities for a range of manufacturing styles in a multitenant cloud solution. Priority was also cited for its proven track record in providing successful cloud ERP solutions for midsize customers around the world, primarily in EMEA and in North America. To date, Priority is the only Israeli-based global ERP vendor to be cited in the Magic Quadrant report, and the smallest vendor, as compared to its peers, to be included in this specific Gartner report.
Up close and personal
So, what’s inside Priority cloud ERP?
For starters, it’s ideal for growing businesses. That’s because it’s highly flexible and scalable to enable an organization’s gradual, steady development. Plus, it serves from a few, to several thousand users all on the same platform, backed by trusted customer support and service. We like to think of Priority cloud ERP as “innovation first,” since it gives our customers a true holistic view of their business operations, with the latest software versions updated in real-time.
With easy and seamless implementation, Priority cloud ERP gets businesses up and running, fast, while enjoying the benefits of reduced operating costs and overall expenses. Add to that reliable, smooth, uninterrupted service. It’s backed by Priority’s secure and risk-free cloud environment, compliant with SOC 1 and ISO 27001, to ensure that sensitive business data is fully protected. And Priority cloud ERP comes equipped with full system access from any mobile device or tablet, so that users can ‘carry their business with them,’ anywhere, and at any time.
Around the corner
The response to the surge in remote working reduced IT budgets, and the need to secure sensitive business data, has led ERP vendors to look for ways to disrupt the market, and accelerate cloud ERP. At Priority, we know that cloud solutions have become so entrenched in organizations of all sizes, that it’s a real challenge to find one that doesn’t have at least one cloud system in use.
This is why Priority continues to invest heavily in its cloud-based ERP solutions, and why we consistently add innovation, new and enhanced features, functionality, and integration capabilities with every new version release.
This cloud does have a silver lining. And Priority could not be prouder to have been recognized in the 2021 Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises report.
1Gartner, “Magic Quadrant for Cloud ERP for Product-Centric Enterprises,” Tim Faith, Denis Torii, Paul Schenck, Dixie John, Abhishek Singh. Published: 24 August 2021, ID G00733937