Can your procurement suite automate procure-to-pay, strategic sourcing and supplier management processes? Learn how Oracle Fusion Cloud Procurement’s capabilities, built-in collaboration and analytic insights drive agility, manage risk and increase margins.
Modern Procurement supported by the Oracle Cloud.
Oracle Fusion Cloud Procurement is an integrated source-to-settle suite that automates business processes, enables strategic sourcing, improves supplier relationship management and simplifies buying resulting in lower risk, improved savings and greater profitability.
Enable suppliers to manage activities and document the transactions with an easy-to-use, self-service portal that provides access to supplier onboarding, registration, negotiations, profile management, catalogs, orders, shipments, invoices, forecasts, and more. Gain a single source of unified, integrated supplier information including required certificates and financial performance.
Leverage supplier performance management to measure and optimize performance of strategic suppliers through scorecards and incentivization. Assess suppliers and minimize disruptions through structured evaluations that include risk attributes, regulatory certifications, and supplier capabilities.
Qualify suppliers during onboarding. Gain constant visibility into suppliers and proactively mitigate risk to ensure continuous supply. Monitor risk factors across finance, capacity, compliance, ESG, CSR, and cybersecurity that could potentially impact your supply chain.
Leverage analytics to identify opportunities for cost savings, spend consolidation and receive greater value from suppliers. Develop programs to manage your supply base more effectively and improve business outcomes.
Gather requirements from internal experts and speed RFX creation through guided authoring, built-in collaboration, editing and approval workflows. Initiate negotiations faster to quickly realize greater savings and value.
Leverage sourcing best practices, proactively monitor and evaluate negotiations against savings goals. Make better and quicker awards using analytics-driven recommendations to maximize value and increase savings.
Streamline contract creation with MS Word and improve productivity during drafting and negotiations using guided authoring, pre-approved templates and legal clauses. Built-in collaboration and approval flows speed contract completion.
Enable business users to draft, negotiate and amend contracts with minimal legal involvement. Ensure conformity to corporate policies and legal standards while improving efficiency, quality, risk protection and business partnerships.
Streamline contract negotiations and compare proposed changes to standard terms. Quickly resolve differences with required approvals, audit trails and eSignatures resulting in compliant contracts and risk mitigation.
Easily locate supplier contracts using a secure, searchable, centralized repository. Gain complete visibility into contract portfolio and obligations, risks and required amendments. Receive advance alerts of expiring contracts.
Simplify employee shopping and maximize user adoption with a consumer-like, guided experience. Intuitive search allows you to quickly find the goods and services you need at negotiated prices and ensure compliant buying.
Realize cost savings by directing purchases to approved suppliers offering negotiated prices. Configure approval rules to ensure spend compliance and simplify exception management on all platforms including smart phones and tablets.
Simplify purchasing with automated purchase order creation from approved requisitions. Easily manage revisions with full change history. Automated invoice processing and supplier rebate management enables you to minimize workload, reduce errors, and accelerate supplier payments.
Maintain supply chain resiliency and execution through the steady flow of materials and services enabling your core business operations to avoid risks, maximize uptime and achieve planned production levels and revenue targets.
Manage risk and improve efficiency through products and services delivered to specific projects. Ensure end to end supply integrity, accurate cost allocation and customer invoicing based on percentage or milestone completion.
Provide better customer service, rapid order processing and maximize fill rates with back-to-back and drop ship fulfillment. Avoid stockouts across locations through automated replenishment purchases while optimizing cashflow.
Use embedded AI to review data and recommend category classification for requisitions, purchase orders, invoices, and expenses. Both reclassified data and the original classifications are available for financial reporting.
Analyze company spend across multiple dimensions including category, business unit, geography, and cost center. Gain actionable insights into spend patterns to rationalize your supply base and negotiate better pricing and value.
Respond to shifting market dynamics through data-driven insights and strategies. Identify changes in supply and buying needs and find best in class suppliers through more effective sourcing to attain better businesses outcomes.
Gain insight into supplier performance against contractual obligations such as price, service and delivery performance. Identify areas for supplier diversification, improvements in execution and quality while mitigating risk.
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Review Cloud update readiness material to learn what's new in your Oracle Fusion Cloud Procurement service and plan for quarterly updates.
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