Oracle Cloud Procurement

Empower Modern Procurement Cloud

modern cloud procurementUse Procurement Cloud to streamline your source-to-pay process through automation and social collaboration, while controlling costs and achieving higher margins. Modernize – The time is now to optimize your procurement business processes; Accelerate – Achieve faster results and gain agility with cloud procurement solutions; Collaborate – Leverage social collaboration to strengthen your business alignment and organizational influence; Control – Reduce your costs and risks across the source to settle process.

Sourcing

Collaborate: Improve requirements gathering, document sharing, and negotiation effectiveness with sourcing teams and Oracle Social Network
Streamline: Simplify your negotiation activities with intuitive tools and a modern user experience
Analyze: Gain insight into spend opportunities and maximize negotiated savings

Contracting

Standardize: Enforce business policies using pre-approved clause libraries, contract templates, and guided contract creation
Improve Visibility: Leverage a secure and searchable contract repository, automate renewals, and capture amendments and addendums with a complete contract audit history
Ensure Compliance: Identify deviations from standards, highlight contract risks, enforce document approvals, and capture electronic signatures

Procure to Pay

Streamline Processes: Automate requisition through invoice matching and payment, and shift your organizational focus towards more strategic activities
Simplify Shopping: Help your employees to quickly find the goods and services they need with a familiar consumer buying experience
Enforce Negotiated Pricing: Ensure your negotiated pricing and terms are automatically leveraged to realize maximum savings

Supplier Management

Manage Qualifications: Qualify and assess suppliers to support supplier programs, compliance, and negotiation award decisions
Improve Information Accuracy: Capture timely updates to supplier information and proactively respond when changes might affect supplier qualifications, capabilities, or risk
Enable Supplier Collaboration: Give suppliers the insight they need, allow them to share documents and commentary, and let them transact electronically with minimal training

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