Oracle Services Procurement is the enterprise application that enables complete control and oversight for services spending.
Although most organizations spend a substantial percentage of their revenue on services, few have full visibility into costs or supplier performance. Even the most efficient enterprises struggle to gain control over service spending. Indeed services can be a black hole of unsourced buying, lost savings opportunities, and limited oversight.
Oracle Services Procurement brings oversight to service categories. By managing services procurement with step-by-step online processes, your organization can save money on simple and complex categories from contingent labor to complex business services. Oracle Services Procurement helps you source and manage services for maximum savings.
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