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Accounting Software

Oracle Procurement Services Software

Oracle Procurement Services

Oracle Procurement Contracts is the initiative application that generates and imposes better purchasing contracts. It is an important component of Oracle Advanced Procurement, the integrated suite that intensely cuts all supply management prices.

Although the significance of contracts governing supplier relationships and the enormous sums of money involved, the procedure of managing contracts is error-prone and lacks meaningful controls. Inappropriately, without proper oversight, contract negotiations can be lengthy and erratic — and the resulting contracts can expose an organization to risk. And even the best contracts can fail to deliver the expected savings since of an organization's incapability to initiative implementation. Oracle Procurement Contracts agrees you to take control of your contract lifecycle, from authoring and negotiation through execution, implementation, evaluation, and closeout. Business investors, procurement experts, and legal professionals can rapidly author contracts that comply with corporate standards. Plus, your company can measure compliance to confirm that negotiated savings hit the bottom line.

Oracle Sourcing is the enterprise application that initiatives more and better sourcing through online collaboration and negotiation. It is a significant component of Oracle Advanced Procurement, the assimilated suite that can intensely cut all supply management prices.

Since strategic sourcing is characteristically time-consuming and complex, few organizations are able to exploit all obtainable sourcing opportunities. Oracle Sourcing increases the sourcing bandwidth of procurement professionals, so they can exploit many more savings opportunities and capture more value from each. Online collaboration and negotiation makes it stress-free for experts from multiple organizations to exchange information, describe requirements, conduct negotiation, and generate new contracts. Buying professionals, business experts, and suppliers can all cooperate to create agreements that offer the best terms.

Oracle Services Procurement is the enterprise application that qualifies complete control and oversight for services spending.

Even though most organizations devote a substantial percentage of their revenue on services, few have full discernibility into costs or supplier performance. Even the maximum effectual enterprises struggle to gain control over service spending. Certainly services can be a black hole of unsourced buying, lost savings opportunities, and limited oversight.

Oracle Services Procurement brings oversight to service categories. Through managing services procurement with step-by-step online processes, your organization can save money on simple and multifaceted categories from depending labor to complex business services. Oracle Services Procurement assistances you source and manage services for maximum savings.

Assimilate and Streamline Your Procurement Processes

Oracle Services Procurement, part of the Oracle Advanced Procurement suite, assimilates flawlessly with other Oracle applications, including iProcurement, iSupplier Portal, and Purchasing.

BENEFITS

  • Regulate contract procedures—generate quality contracts quicker and reduce risk by implementing enterprise standards, policies that govern their use, and tools to agree flexible administration.
  • Exploit Preferred Supplier Savings: Generate and enforce better agreements, enforce preferred supplier use in every demand, and set policies for services spend approval.
  • Decrease time-to-contract—cut conciliation-cycle time with a flexible workflow and revision procedure that makes legal and commercial terms directly visible to selected parties.
  • Eradicate Over-Billing and Overruns: Eradicate over-billing with comprehensive invoice matching and reconciliation, lower processing costs through supplier collaboration, and confirm service delivery and compliance with deliverable tracking
  • Generate Visibility into Services Spending: Supervise the entire services procurement cycle, measure supplier and contingent labor performance, and realize a complete view of services and goods spending.
  • Drive contract compliance—track compliance and review the contract details throughout the entire contract lifecycle.

ORACLE SOURCING

Oracle Sourcing is the third main improvement delivered in Sourcing in as numerous years. Following Roll-up 1 and Roll-2, Oracle Sourcing will prepare sourcing professionals to challenge more complex categories and implement practically any sourcing and negotiation plan. Main improvements include:

  • Multi-org access control for shared services organizations
  • Sourcing dashboard (in Daily Business Intelligence for Procurement)
  • Contact to Sourcing from Professional Buyers Work Center
  • User definable negotiation styles
  • Catalog negotiation (negotiate entire catalogs, conduct one-click renegotiation, or add lines from catalog)
  • Award approvals using position hierarchy
  • Team scoring and instinctive scoring
  • FedBizOpps integration
  • Concession of complex payments for complex categories as well as retainage, recoupment, contract financing, progress payments.

We manage these Services very excellently:

Procurement

  • Oracle Procurement Contracts
  • Oracle Sourcing
  • Oracle Purchasing
  • Oracle iProcurement
  • Oracle iSupplier Portal
  • Oracle Services Procurement


Disclaimer: The software content used in this page is only for customers to know about the software and not for any commercial intentions.

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