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.
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 and easily manage revisions with full change history. Automated invoice processing minimizes workload, reduces errors and speeds 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.
Leverage Oracle DataFox Supplier Intelligence Cloud’s AI and natural language processing to create and maintain accurate supplier profiles. Enhance risk visibility across the supplier lifecycle with configurable alerts and scores.
Gain constant visibility into suppliers and proactively mitigate risk to ensure continuous supply. Receive timely alerts and customized risk scores to stay on top of developments that may affect a supplier’s risk and capabilities.
Assess suppliers and minimize disruptions through structured evaluations that include risk attributes, regulatory certifications and capabilities. Strengthen sustainable supplier relationship management for greater business value.
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.
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.
Manage supplier activities and document exchange. Easy to use portal provides access to supplier registration, profile, catalogs, orders, shipments, invoices, forecasts and more via self-service.
Oracle Business Network streamlines and automates electronic transactions with real-time visibility into status, exceptions and errors. Trading partners can exchange documents in their preferred standard format.
Easily search for trading partners who are already using OBN to establish electronic communications and exchange transactions with speed and efficiency.
Capgemini achieves 5% savings in their first sourcing event and shortens supplier onboarding from weeks to days.
Top university graduates from legacy, on-premises systems to streamlined, agile cloud apps.
2020 has been a wake-up call for companies—especially for those who work in the procurement department. Reducing costs and controlling spend have always been the main drivers for that business function, and while that won’t change, the economic impact of a global pandemic puts the spotlight on improving supplier management to help mitigate supplier risks.Read the complete post
Review readiness material to learn what's new in your Oracle Fusion Cloud Procurement service and plan for quarterly updates.
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