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Oracle Services Procurement

Oracle Services Procurement is the enterprise application that enables complete control and oversight for services spending.

Although most organizations spend a large share of total budget on services, few have the same visibility into service costs as they do for goods and materials. For even the most efficient enterprises, service spending can be a black hole of unsourced buying, lost savings opportunities, and limited oversight from the Purchasing department. Oracle Services Procurement brings full Purchasing oversight to services. By managing services procurement with step-by-step online processes, your organization can save money on both simple and complex categories such as contingent labor and complex business services. Oracle Services Procurement helps you source and manage services for maximum savings.

Integrate and Streamline Your Procurement Processes
Oracle Services Procurement, part of the Oracle Advanced Procurement suite, integrates seamlessly with other Oracle applications, including iProcurement, iSupplier Portal, and Purchasing.

ORACLE SERVICES PROCUREMENT RELEASE 12

Oracle Services Procurement R 12 includes advancements that will propel its use beyond its traditional role of automating simple services and contingent labor. From service specification, through contracting, and payment, R 12 has been designed to tame complexity and drive visibility. Note that in some cases other modules (e.g. Procurement Contracts) are required to fully leverage enhancements. With R 12 procurement organizations can:

  • Negotiate progress schedules and complex payment terms
  • Incorporate payment terms & progress payment schedule into contracts
  • Track & report progress based on schedule
  • Track commitment costs against Projects
  • Automated retainage and recoupment
  • Control advances and contract financing all the way through final invoicing and payment

BENEFITS

  • Maximize Preferred Supplier Savings: Create and enforce better agreements, enforce preferred supplier use in every requisition, and set policies for services spend approval
  • Eliminate Over-Billing and Overruns: Eliminate over-billing with comprehensive invoice matching and reconciliation, lower processing costs through supplier collaboration, and ensure service delivery and compliance with deliverable tracking
  • Create Visibility into Services Spending: Oversee the entire services procurement cycle, measure supplier and contingent labor performance, and achieve a complete view of services and goods spending
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