Oracle Modern Best Practice for Insurance—Procurement

Make Your Suppliers Strategic Partners
Make Your Suppliers Strategic Partners

Supplier Registration to Supplier Performance

Turn your suppliers into strategic partners by using mobile, social, and analytics. Align supplier capabilities and purchasing mix with your branch, agency, department, and enterprise goals. Increase efficiency and data accuracy with a web-based self-service approach for supplier enablement and profile update. Take advantage of the cloud to securely collaborate on all aspects of the buying cycle including orders, schedule changes, and invoices.


Register Supplier
Mobile. Social. icon Mobile. Social.

Register Supplier

Send prospective suppliers secured links to collect company data and provided goods and services in a structured format. Approve or reject the supplier’s registration after an internal review.


Manage Enablement
Mobile. Social. icon Mobile. Social.

Manage Enablement

Delegate user account administration to your supplier. Offer browser-based, self-guided training, and help.


Ensure Profile Accuracy
Mobile. Social. icon Mobile. Social.

Ensure Profile Accuracy

Automatically send a reminder to the supplier for certification (such as small- or woman-owned business) renewal. Update your records to reflect any changes, such as mergers and acquisitions. Maintain an audit trail of supplier registration activity.


Begin Collaboration
Mobile. Social. icon Mobile. Social.

Begin Collaboration

Enable suppliers to share information, participate in sourcing events, advise on quantity and shipment changes, and manage invoices and payments—all on a secure, social portal.


Manage Supplier Qualification
Mobile. Social. icon Mobile. Social.

Manage Supplier Qualification

Send qualification questionnaires to identified suppliers. Review, clarify, and evaluate their responses. Automatically add qualifications to the supplier’s profile.


Monitor Performance
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Monitor Performance

Analyze supplier performance by branch, brokerage, and enterprise with an accurate, data-driven review. Distribute more spend to the highest ranking suppliers.


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