About Oracle Fusion Procurement Cloud
Oracle Fusion Procurement Cloud modernizes procurement by standardizing, streamlining and automating the source-to-settle process through automation and social collaboration, while controlling costs and achieving higher margins.
Oracle Purchasing Cloud
A key component of Oracle Fusion Procurement Cloud, Oracle Purchasing Cloud enables business to streamline and automate the procure-to-pay process while enforcing negotiated pricing and terms and ensuring policy compliance.
• It allows users to automate purchasing transactions and provides buying professionals insight into exceptions, status, and actions required. Users streamline routine tasks, such as creating purchase orders from approved requisitions without intervention, increasing productivity while enforcing compliance at every step. Users can utilize electronic communications with the suppliers to improve the timeliness and accuracy of purchase orders and changes.
• It provides the change management capabilities to help adapt to dynamic business needs. It allows changes to be initiated from requesters and suppliers reducing off-line communication and the chance of miscommunication. Users can leverage tolerances and workflow approvals to make sure about proper review of changes. Users can also differentiate between internal administrative changes versus revisions that should be communicated to a supplier to help eliminate supplier confusion or duplicate orders. Cloud allows to review a comprehensive document history with full visibility of what changes were made, when changes occurred, and who made the changes.
• The key business benefits are:
• Streamline procurement processes
• Enforce procurement policies
• Create purchase orders from requisition without manual intervention
• Automatically leverage negotiated pricing and terms from supplier agreements
• Efficiently manage document revisions with visual notifications and full change history
• The key features are:
• Buyer work area
• Robust change management
• Center-driven procurement
• Comprehensive lifecycle visibility
• Support for centralized, decentralized and hybrid procurement organizations
• Foreign currencies
• Multiple languages
• Global agreements
• Streamlined order processing
• Control approvals by amount, business unit, account segment, item, category and location
Oracle Supplier Portal Cloud
Oracle Supplier Portal Cloud is the next generation application to enable smarter supplier interactions. It is a cloud based self-service solution that brings a holistic approach to supplier management by removing communication barriers between buyer and suppliers. Suppliers gain access to a secure, integrated supplier work area that provides full visibility to transactions, offers closed loop collaboration, and enables electronic invoicing. The supplier work area provides a summary of activity and transactions that require attention. Suppliers can access agreements, purchase orders, advance shipment notifications, invoices, and negotiations allowing suppliers to respond to your business needs.
Oracle Fusion Supplier Portal makes it easy to expand self-service to almost any supplier by providing an intuitive, browser-based solution. It also increases the variety of self-service transactions by providing a solution that is integrated across the entire source-to-settle lifecycle.
• The key business benefits are:
• Improve communications with suppliers
• Deliver best in class supplier collaboration
• Easy supplier setup and support
• Reduce errors and inquiries
• Faster issue resolution
• The key features are:
• Web based supplier self-service
• Supplier profile self-management
• Consolidated supplier work area
• Supplier agreement collaboration
• Supplier change order management
• Electronic invoice presentment
• Embedded learning
• Information driven user experience