Procurement Cloud

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“Transitioning to the Oracle Cloud helped us save significant investment costs and reduce our end users’ manual, daily reporting and bookkeeping work. We now provide a detailed, flexible ledger record and much more accurate tax reports. We are very happy with the Oracle Cloud.”

Thao Dam
Finance Manager, Saigon Premier Container Terminal

ERP Cloud – Procurement

Overview

Empower Modern Procurement

Use Procurement Cloud to streamline your source-to-pay process through automation and social collaboration, while controlling costs and achieving higher margins

  • Modernize
The time is now to optimize your procurement business processes
  • Accelerate
Achieve faster results and gain agility with cloud procurement solutions
  • Collaborate
Leverage social collaboration to strengthen your business alignment and organizational influence
  • Control
Reduce your costs and risks across the source to settle process

Features

Sourcing

  • Collaborate
Improve requirements gathering, document sharing, and negotiation effectiveness with sourcing teams and Oracle Social Network
  • Streamline
Simplify your negotiation activities with intuitive tools and a modern user experience
  • Analyze
Gain insight into spend opportunities and maximize negotiated savings

Contracting

  • Standardize
Enforce business policies using pre-approved clause libraries, contract templates, and guided contract creation
  • Improve Visibility
Leverage a secure and searchable contract repository, automate renewals, and capture amendments and addendums with a complete contract audit history
  • Ensure Compliance
Identify deviations from standards, highlight contract risks, enforce document approvals, and capture electronic signatures

Procure to Pay

  • Streamline Processes
Automate requisition through invoice matching and payment, and shift your organizational focus towards more strategic activities
  • Simplify Shopping
Help your employees to quickly find the goods and services they need with a familiar consumer buying experience
  • Enforce Negotiated Pricing
Ensure your negotiated pricing and terms are automatically leveraged to realize maximum savings

Supplier Management

  • Manage Qualifications
Qualify and assess suppliers to support supplier programs, compliance, and negotiation award decisions
  • Improve Information Accuracy
Capture timely updates to supplier information and proactively respond when changes might affect supplier qualifications, capabilities, or risk
  • Enable Supplier Collaboration
Give suppliers the insight they need, allow them to share documents and commentary, and let them transact electronically with minimal training