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Oracle Procurement Cloud: What Makes It Great (Procure-to-Pay SolutionMap Analysis)

01/27/2020 By

Enterprises have numerous choices for procure-to-pay solutions today. But only one vendor offers a fully unified, single ecosystem of business applications that span not only e-procurement and invoice-to-pay processes but also financials, supply chain collaboration and HR.

And that vendor is Oracle.

As it has patiently migrated all of its solutions to the cloud, Oracle has maintained a “slow and steady” approach to its long-term technology strategy. That doesn’t mean its cloud applications have developed at the same pace, though. Perhaps surprising to some, Oracle’s P2P solution has in recent years leapfrogged other providers in the procurement technology market. Today it ranks among the top solutions for P2P, as our comparative SolutionMap benchmarks illustrate. And continued investments in areas like user experience, early payments support and artificial intelligence (AI) stand to only strengthen the mega vendor’s downstream capabilities.

But where does Oracle stand out most and help “set the bar” in P2P, and why should this matter for procurement and finance organizations? Let’s delve into the SolutionMap benchmark to find out where Oracle is great.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.

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