Morningstar
22 West Washington Street,
Chicago, 60602, IL,
United States
Chicago, 60602, IL,
United States
1 312-696-6000
Banking and Financial Services
Morningstar Technographics
Morningstar Software Purchases and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Morningstar and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 11115 Morningstar employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Morningstar has purchased the following applications: Oracle E-Business Suite for ERP Financial in 2018, Workday Compensation for Compensation Management in 2018, Asana AI Studio for Business Process Management in 2024 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Morningstar is running and its propensity to invest more and deepen its relationship with Oracle , Coupa Software , PayPal or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Morningstar revenues, which have grown to $2.28 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Morningstar intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Morningstar Data, Technology Stack, and Enterprise Applications
ERP Financial Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle E-Business Suite | ERP Financial | ERP Financial Management | n/a | 2018 | 2018 |
In 2018 Morningstar implemented Oracle E-Business Suite as its core ERP Financial application to standardize finance and accounting systems across its corporate environment. The deployment was led from the Corporate Systems group with a Lead Software Engineer role accountable for architectural vision, solution development, and cross-program coordination with related financial applications such as Coupa and Concur.
The Oracle E-Business Suite implementation emphasized Oracle EBS R12 financial modules including Accounts Receivable, Accounts Payable, General Ledger, Fixed Assets, Cash Management, Service Contract, and Tax. Configuration and customization workstreams included migration and conversion activities, PL/SQL development, stored procedure design, database schema tuning, Oracle Workflow configuration, and Unix Linux scripting for batch processing to support scheduled financial processes.
Integrations were scoped to support payment and receipt flows with banks and payment processors, plus feeds into data warehouse and BI reporting layers. The program documented high level exposure to adjacent financial systems including Blackline, PBCS, FCCS, Tableau, and AWS, and incorporated systems integration security requirements such as user provisioning and single sign on. Delivery was executed with coordinated onshore and offshore development teams responsible for implementing maintainable technical objects and Oracle DB platform standards.
Governance centered on producing solution design artefacts, methodologies, and tooling to enforce standards, and on formal design review and sign off processes. The implementation included identification and management of architecture risks, adherence to service level agreements, and an operational focus on sustaining a high level of customer satisfaction.
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Expense Management | ERP Financial Management |
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2015 | 2015 |
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Expense Management | ERP Financial Management |
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2014 | 2014 |
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Payment Processing | ERP Financial Management |
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2020 | 2020 |
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Payment Processing | ERP Financial Management |
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2020 | 2020 |
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HCM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Workday | Legacy | Workday Compensation | Compensation Management | HCM | n/a | 2018 | 2018 |
In 2018 Morningstar implemented Workday Compensation as its Compensation Management application. The deployment established Workday Compensation as the core system of record for company compensation planning and variable pay cycles, with the implementation anchored in the broader Workday suite used by People Technology and HR teams.
The Workday Compensation implementation included configuration of advanced compensation workflows typical of Compensation Management, including plan design and eligibility rules, award lifecycle management, approval routing, and configurable pay components. Workday Compensation was instrumented alongside Workday Reporting and Analytics capabilities to enable compensation reporting, calibrated pay processes, and program modeling for merit and bonus cycles.
Integrations focused on native interoperability with Workday Human Capital Management for employee master data, job and position information, and organizational hierarchies with data surfaced into Workday Reporting and Analytics for operational dashboards. Operational ownership rested with People Technology and HRIS teams, reflecting active involvement from roles such as People Technology Analyst and HRIS Data Governance Lead in sustaining data feeds and reporting.
Governance and lifecycle management emphasized centralized configuration ownership and data governance processes, with product owner oversight for Advanced Compensation and reporting responsibilities. The implementation narrative ties Morningstar Workday Compensation Compensation Management to HR and people operations, and documents ongoing product ownership and data governance as primary controls for configuration changes and release cadences.
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Core HR | HCM |
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2018 | 2018 |
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Payroll | HCM |
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2018 | 2018 |
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Recruiting, Applicant Tracking System | HCM |
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2018 | 2018 |
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ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Asana | Legacy | Asana AI Studio | Business Process Management | ERP Services and Operations | n/a | 2024 | 2024 |
In 2024, Morningstar deployed Asana AI Studio to automate intake, triage project requests, and run an AI-powered content pipeline across research, product intake, and IT in North America. Asana AI Studio, Apps Category , was configured to capture structured project requests and apply AI-assisted triage rules to route work to the correct teams and content tracks.
The implementation emphasized functional modules for intake automation, request classification, AI-enabled content orchestration, and human-in-the-loop review workflows. Asana AI Studio was used to standardize request forms, enforce a consistent taxonomy for project prioritization, and sequence content production steps through automated task creation and assignment.
Operational coverage focused on North America with primary adoption in Morningstar research, product intake, and IT organizations, aligning work management and content pipelines within those business functions. The deployment concentrated on workflow orchestration within Asana AI Studio rather than on custom system integrations, using the application to centralize request handling and content task flows.
Governance changes included centralized intake governance, defined triage rules, and role-based review gates to maintain quality control across AI-assisted outputs. The Asana case study reports approximately 14,976 hours saved and about $600,000 in annual savings from AI-enabled workflows for content production and request triage, outcomes recorded as part of the deployment.
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AI Development
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Generative AI Platforms | AI Development |
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2020 | 2020 |
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Analytics and BI
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Analytics and BI | Analytics and BI |
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2014 | 2018 |
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Analytics and BI | Analytics and BI |
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2015 | 2018 |
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Blockchain
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Blockchain Platform | Blockchain |
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2019 | 2019 |
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Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Audio Video and Web Conferencing | Collaboration |
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2018 | 2018 |
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Collaboration | Collaboration |
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2017 | 2017 |
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Collaboration | Collaboration |
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2020 | 2020 |
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Survey and Questionnaire | Collaboration |
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2022 | 2022 |
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Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Digital Asset Management | Content Management |
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2015 | 2015 |
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CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Account Based Marketing | CRM |
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2021 | 2021 |
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Account Based Marketing | CRM |
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2018 | 2018 |
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Account Based Marketing, Sales Engagement | CRM |
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2021 | 2021 |
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Customer Experience | CRM |
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2015 | 2015 |
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Customer Experience | CRM |
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2016 | 2016 |
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Customer Experience | CRM |
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2018 | 2018 |
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Digital Advertising Platform | CRM |
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2015 | 2015 |
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Digital Advertising Platform | CRM |
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2018 | 2018 |
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Marketing Analytics | CRM |
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2015 | 2015 |
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Marketing Automation | CRM |
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2021 | 2021 |
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Sales Automation, CRM, Sales Engagement | CRM |
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2017 | 2017 |
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ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Performance Management | ITSM |
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2011 | 2011 |
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Incident Management | ITSM |
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2020 | 2020 |
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IT Service Management | ITSM |
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2021 | 2021 |
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Procurement
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Procurement | Procurement |
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2014 | 2014 |
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Supplier Relationship Management | Procurement |
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2014 | 2014 |
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SPM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Incentive Compensation Management | SPM |
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2016 | 2016 |
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TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Governance, Risk and Compliance | TRM |
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2018 | 2018 |
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Risk Management | TRM |
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2022 | 2022 |
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Application Hosting and Computing Services | IaaS |
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2018 | 2018 |
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Cloud Storage | IaaS |
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2020 | 2020 |
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Content Delivery Network | IaaS |
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2014 | 2014 |
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Content Delivery Network | IaaS |
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2017 | 2017 |
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Content Delivery Network | IaaS |
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2020 | 2020 |
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CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Data Loss Prevention, Managed Detection and Response (MDR) | CyberSecurity |
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2020 | 2020 |
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Identity and Access Management (IAM) | CyberSecurity |
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2021 | 2021 |
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Secure Email Gateways (SEGs) | CyberSecurity |
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2015 | 2015 |
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IT Decision Makers and Key Stakeholders at Morningstar
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
| No data found | ||||||
Apps Being Evaluated by Morningstar Executives
| Date | Company | Status | Vendor | Product | Category | Market |
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| No data found | ||||||
FAQ - APPS RUN THE WORLD Morningstar Technographics
Morningstar is a Banking and Financial Services organization based in United States,
with around 11115 employees and annual revenues of $2.28 billion.
Morningstar operates a diverse technology stack with applications such as
Oracle E-Business Suite, Workday Compensation and Asana AI Studio,
covering areas like ERP Financial, Compensation Management and Business Process Management.
Morningstar has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as Oracle, Workday and Asana.
Morningstar recently adopted applications including
Asana AI Studio in 2024, UpGuard Trust Exchange in 2022 and UpGuard User Risk in 2022,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of Morningstar’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates Morningstar’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete Morningstar technographics profile,
including detailed breakdowns by category, vendor, and IT decision makers.