J.P. Morgan Payments and FedEx will help launch Oracle B2B Commerce to automate end-to-end processesOracle CloudWorld, Las Vegas, Nevada—19 Ekim 2022
To help organizations reduce the cost of doing business, improve the customer experience, and introduce new offerings, Oracle has launched new services that will integrate and automate end-to-end business-to-business (B2B) transactions. The new Oracle B2B Commerce eliminates the disparate systems, processes, and data integration challenges that make B2B transactions so complex by directly connecting more than 40,000 buyers, sellers, and service providers via Oracle Cloud Enterprise Resource Planning (ERP). For example, Oracle B2B Commerce will provide integrations with J.P. Morgan’s Payments business, which includes the firm’s treasury services, trade, commercial card and merchant services capabilities, for integrated banking and J.P. Morgan travel card and expenses services as well as a planned logistics services integration as part of the FedEx Compatible program.
“To complete a deal, trading partners need to work through many manual interactions and each step in the process adds time and inefficiencies, introduces the possibility of human error, and takes buyers and sellers away from more strategic work,” said Rondy Ng, executive vice president of applications development, Oracle. “With Oracle B2B Commerce’s integrations with J.P. Morgan Payments and FedEx, our customers will be able to automate purchasing, selling, financing, shipping, billing, and payments to reduce the cost of doing business.”
Oracle B2B Commerce will combine direct connectivity between Oracle Cloud ERP and service providers ranging from J.P. Morgan Payments and FedEx to other financial services firms, insurance companies, and delivery services with a unified data model and secure workflows to digitize the entire B2B commerce process for mutual customers. By enabling 40,000 businesses to seamlessly transact and share information across all trading parties, Oracle B2B Commerce helps expedite the completion of transactions and improve the customer experience. It also enables organizations to offer new services including new payment solutions.
A direct integration with J.P. Morgan Payments will enable Oracle Cloud ERP mutual customers to benefit from:
Hubert J.P. Jolly, global co-head of corporate and e-commerce sales, J.P. Morgan Payments, said, “Our goal is to provide cutting-edge payments solutions that transform the financial services ecosystem. This requires us to be where our customers are doing business. We are delighted to work with Oracle, allowing its customers to gain seamless access to J.P. Morgan Payments’ offering, including improved cash flow insights and helping to accelerate business transactions.”
A planned FedEx Compatible program solution will enable Oracle Cloud ERP customers to benefit from:
Organizations of all sizes rely on Oracle Cloud Applications to run their most important business operations. Built and run-on Oracle Cloud Infrastructure, Oracle Fusion Cloud Applications Suite, Oracle NetSuite, and Oracle’s portfolio of industry-specific applications deliver the scalability, security, and performance today’s businesses demand. Oracle’s self-updating platform provides customers with the industry’s most advanced technologies every quarter, giving organizations the ability to build, innovate, automate, adapt, and leverage new business opportunities on-demand.
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.
Oracle CloudWorld is Oracle’s largest global celebration of customers and partners. Join us to discover the insights you need to tackle your biggest business challenges, build your skills, knowledge, and connections, and learn more about our cloud infrastructure, database, and applications from the people that build and use them. For registration, live keynotes, session details, news and more visit oracle.com/cloudworld or oracle.com/news.
Statements in this article relating to Oracle’s future plans, expectations, beliefs, and intentions are “forward-looking statements” and are subject to material risks and uncertainties. Many factors could affect Oracle’s current expectations and actual results, and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle’s business is contained in Oracle’s Securities and Exchange Commission (SEC) filings, including Oracle’s most recent reports on Form 10-K and Form 10-Q under the heading “Risk Factors.” These filings are available on the SEC’s website or on Oracle’s website at http://www.oracle.com/tr/investor. All information in this article is current as of October 19, 2022 and Oracle undertakes no duty to update any statement in light of new information or future events.
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.