Oracle Purchasing Cloud allows you to automate purchasing transactions, and provides your buying professionals insight into exceptions, status, and actions required. You can streamline routine tasks, such as creating purchase orders from approved requisitions without intervention, increasing productivity while enforcing compliance at every step. You can utilize electronic communications with your suppliers to improve the timeliness and accuracy of purchase orders and changes. This allows you to spend more time discovering and exploiting savings opportunities and delivering value to your business.
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You can ensure compliance with negotiated terms and approval policies. Purchase orders automatically enforce pricing and terms from supplier agreements. You can also leverage purchase order and agreement approval rules to ensure compliance and simplify exception management. The drive to deliver savings with fewer resources and improve operating efficiencies has led to increasingly complex global operating models. Oracle Purchasing Cloud enables you to balance the competing objectives of scale and specialization while at the same time consistently enforcing policy compliance.
Oracle Purchasing Cloud provides change management capabilities to help you adapt to dynamic business needs. You can allow changes to be initiated from requesters and suppliers reducing off-line communication and the chance of miscommunication. You can leverage tolerances and workflow approvals to ensure proper review of changes. You can also differentiate between internal administrative changes versus revisions that should be communicated to a supplier to help eliminate supplier confusion or duplicate orders. You can also review a comprehensive document history with full visibility of what changes were made, when changes occurred, and who made the changes.
Oracle Procurement Cloud helps organizations streamline, standardize and automate their source-to-settle process through modern technologies that help increases influence over spend and procurement practices. It increases user engagement, increases collaboration and simplifies, standardizes and automates routine transactions resulting in lower costs and higher margins.
Oracle Financials include the following key modules:
The configuration process considers business units that will be required and provides for all the subledgers (AR, AP, Fixed Assets, projects, etc.) to be tracked by business units, and legal entities. Inter-company transactions, if any, can be set up and configured to provide online tracking and balancing of intercompany transactions in multiple legal entities, business units and multiple currencies.Oracle Cloud Financials has been designed for ease of use from three perspectives:
