No results found

Your search did not match any results.

Oracle Modern Best Practice for Banking—Procurement

Efficient, Disciplined Requisition Process
Efficient, Disciplined Requisition Process

Requisition to Receipt

Minimize third-party risk and promote spend compliance with easy requisition creation from approved suppliers. Improve employee efficiency with rule-based, consumer-like self-service tools. Securely create, share, and approve requisitions and receive goods and services using mobile devices. Collaborate socially—at any stage of the process—to quickly resolve issues.


Raise Requisitions
Mobile. Analytics. Internet of Things. icon Mobile. Social.

Raise Requisitions

Using a consumer-like dashboard, create a purchase requisition automatically or easily locate the intended goods and services from approved suppliers vetted through a vendor risk management program.


Approve Requisitions
Mobile. Social. icon Mobile. Social.

Approve Requisitions

Automatically route approval based on predefined thresholds, approval hierarchies, and purchasing categories.


Create Purchase Order
Mobile. Social. icon Mobile. Social.

Create Purchase Order

Automate purchase order creation for approved suppliers based on previously negotiated pricing and contract terms.


Approve Purchase Orders (Optional)
Mobile. Social. icon Mobile. Social.

Approve Purchase Orders (Optional)

Automatically route approval according to predefined business rules.


Dispatch Purchase Orders
Mobile. Social. icon Mobile. Social.

Dispatch Purchase Orders

Automatically deliver approved purchase orders via secure electronic channels or a supplier portal.


Receive Goods and Services
Mobile. Social. Internet of Things. icon Mobile. Analytics. Social.

Receive Goods and Services

Record goods received or approve invoices for services rendered to trigger an automated matching in payables.


Get Started