Oracle Procurement Contracts Cloud
Create, execute, and manage procurement contracts more efficiently throughout the contract lifecycle. Ensure supplier compliance and performance. Streamline the entire process with guided authoring, reviews, and collaboration.
Streamline contract creation using prepopulated templates and guided navigation for different contract types or specific business unit requirements.
Templates prepopulated with terms and conditions ensure that contracts enforce supplier compliance.
Reduce contract creation time by actively managing work allocation and reviews, balance workloads, and identify bottlenecks early for faster completion.
View renewal notifications, amendment tracking, and complete audit history. Quickly find what you need with robust search criteria, including text and string.
Streamline Contracting
Oracle Procurement Contracts Cloud enables you to standardize contracts and enforce business policies using preapproved clause libraries, templates, and approval workflows.
- Simplify contract creation using guided authoring wizards
- Reduce cycle times with prepopulated language clause libraries
- Ensure that contracts comply with company policies and legal terms and conditions
- Streamline review cycle through social collaboration and workflows
Enhance Visibility
Leverage a secure, searchable repository featuring full audit history and automated renewal management.
- Identify changes that deviate from standards and assign required actions
- Quickly locate what you need with extensive search capabilities
- Quickly find items that need attention, such as approvals and reviews using work areas
Manage the Full Lifecycle
Translate negotiated savings into enforceable contracts through automation and workflow.
- Easily accommodate different contract types and specific business unit requirements with multiple templates
- Actively manage work allocation, identify bottlenecks, and balance workloads
- Speed contract execution with binding electronic signatures
- Track amendments, addendums, and full audit history
- Ensure on-time renewals with automated alerts of expiring contracts
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