Oracle Modern Best Practice for Insurance—Procurement

Effective, Disciplined Requisition Process

Requisition to Receipt

Transform your requisition process to be more disciplined, effective—and faster. Drive employee efficiency with rule-based, self-service tools. Securely create, share, and approve requisitions and receive goods and services wherever you are via mobile and social. Create ad hoc or planned requisitions automatically or manually on any device for office supplies, third-party assessor services, actuarial services, and adjustor services. Reduce maverick spending by ensuring that only approved employees can create requisitions—and only from approved suppliers.

Raise Requisitions
Approve Requisitions
Create Purchase Order
Approve Purchase Orders (Optional)
Dispatch Purchase Orders
Receive Goods and Services

Mobile. Social. Internet of Things.

Raise Requisitions

Enable approved individuals to create requisitions for purchases (for example: furniture, phone systems, supplies, and third-party assessor, actuarial, and services). Or allow them to easily locate the intended goods and services from approved catalogs via a consumer-like UI.

Mobile. Social.

Approve Requisitions

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

Mobile. Social.

Create Purchase Order

Automate purchase order creation for approved supplier based on previously negotiated pricing and contract terms, freeing talent to focus on strategic initiatives.