“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
The time is now to optimize your procurement business processes
Achieve faster results and gain agility with cloud procurement solutions
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Leverage social collaboration to strengthen your business alignment and organizational influence
Reduce your costs and risks across the source to settle process
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Features
Sourcing
Improve requirements gathering, document sharing, and negotiation effectiveness with sourcing teams and Oracle Social Network
Simplify your negotiation activities with intuitive tools and a modern user experience
Gain insight into spend opportunities and maximize negotiated savings
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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
Automate requisition through invoice matching and payment, and shift your organizational focus towards more strategic activities
Help your employees to quickly find the goods and services they need with a familiar consumer buying experience
Ensure your negotiated pricing and terms are automatically leveraged to realize maximum savings
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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
