An Integrated Solution for Sourcing
Oracle Procurement Cloud is an integrated solution that provides insight and control over supplier qualifications and risk to streamline operations and purchasing, improve profits, maximize cost savings and ensure spending compliance. Part of the Oracle Cloud suite of applications, Procurement Cloud works cohesively with other Oracle Cloud tools as well as third-party applications and legacy ERP systems to assemble an efficient supply chain from end to end.
Top Benefits of Oracle Procurement Cloud
Oracle Procurement Cloud is designed to simplify purchasing and sourcing processes while minimizing potential risk and keeping costs low. Learn more about the key benefits that are enabled by using Oracle ERP Cloud’s procurement tools.
- Consumer-like buying experience
- Powerful search capabilities
- Easy product comparisons
- Out-of-the-box reporting templates
- Direct purchases to approved suppliers
- Negotiated pricing
- Automatic purchase orders
- Automated invoice matching
- Qualify and manage suppliers based on business needs
- Systematically monitor compliance to mitigate risk
- Gather and easily view supplier information
- Minimize disruptions
- Collaborate with suppliers more effectively through better communication and easier exchange of contracts, purchase orders, invoices and negotiation documents
- Allow suppliers to update and manage their data, such as contacts, banking information and payment terms in the Supplier Portal
- Speed up negotiation cycle times
- Guided document authoring, standard templates, built-in collaboration tools, improved contract visibility
- Monitor bidding process to maximize cost savings
- Automated alerts
- Secure business-to-business ecommerce platform for electronic transactions
- Automated message conversion
- Easy vendor onboarding
- Real-time visibility into transaction status
- Search for trading partners already using the Oracle Business Network
Stay Up to Date
As part of the Oracle Cloud suite of applications, Oracle Procurement Cloud’s tools are routinely updated for users to deploy. Stay current on new features added by Oracle or learn more in-depth about the tools available.