Oracle

Oracle delivers the most comprehensive, integrated source-to-settle solution in the cloud. Oracle Fusion Cloud Procurement automates key business processes, drives strategic sourcing, improves supplier relationship management, and simplifies purchasing and employee requisitioning. Our fully integrated suite includes supplier qualification management, strategic sourcing, contract lifecycle management, procurement, accounts payable, invoice automation, and inventory management. Together with robust analytics that provide critical insights into spend and supplier performance, the suite helps or The Oracle Procurement Cloud’s core capabilities include Supplier Management, Sourcing, Contract Management, Requisitioning, Purchasing and Invoice Automation.

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In Their Own Words: Oracle

Supplier Management: Qualify and assess suppliers to support supplier programs, compliance, and negotiation award decisions. and ensure they comply. Provide suppliers with a comprehensive qualification management system to easily qualify them and make the best selections, sourcing decisions and reduce supplier risks. Users can also receive notifications when supplier information changes that affects their qualifications, capabilities, or risk factors.

Sourcing: Simplify your negotiation process through social collaboration to streamline negotiation document creation that leverage negotiation best practices, drive strategic savings initiatives and achieve bottom-line results. Increase the visibility into your negotiation processes and receive live updates on sourcing activities and savings targets. Award analysis tool allow you to quickly assess supplier bids and make better award decisions for your business based on factors such as price, quality and value.

Contract Management: Streamline your contract cycle times with a step-by-step guided authoring tools and utilize pre-approved clause libraries, reusable templates, and flexible approval rules. Users can quickly find a contract in a searchable repository allowing complete visibility into both to the contract itself and to its usage activity. Users receive advanced notice about expiring contracts to initiate renewals to avoid unnecessary costs and lost savings.

Requisitioning: Provides employees with a consumer-like buying experience that helps them manage requests for goods and services. Oracle Self Service Procurement Cloud combines the best capabilities of consumer shopping web sites with the tools to control spend., employees can find what they need quickly using powerful search capabilities. using shopping lists, as well as browsing categories. Other built-in capabilities allow employees to specify requirements such as one-time delivery options while enforcing compliance with negotiated terms and approval policies. Catalog management tools help improve compliance with supplier agreements by directing users to preferred suppliers and negotiated prices. Configurable approval rules enable managers and buyers to easily approve employee requisitions so all employee purchases are properly authorized. This, reduces maverick spending and helps improve profitability.

Purchasing: Streamlines procurement processes by automating the creation of purchase orders with approved requisitions without manual intervention, increasing productivity while enforcing compliance.

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