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Improved Bottom-Line
Using Oracle Advanced
Procurement and Oracle
Financials has enabled us to
transform the purchasing
department to a value-added
organization, resulting in over
$74 million in documented cost
savings.
Ralph Maier,
Dir. of Purchasing Services
University of Pennsylvania
In this ultra-competitive business environment, you need to optimize supply management performance
in order to get the best pricing and terms. Improving communications and relationships with suppliers
will ultimately benefit pricing structures and terms, and therefore the position of your business in its
market space. Oracle E-Business Suites Procure-to-Pay solution allows you to collaborate with
suppliers by offering a simple, easy-to-use Web-based interface for closed-loop collaboration. Oracle
iSupplier Portal streamlines the on-boarding of new suppliers and the maintenance of existing ones
while simplifying order fulfillment and invoice payment. Oracles pre-configured integration with
Transcepta's e-Invoicing and supplier enablement services maximizes supplier adoption for electronic
invoice transmission. Flexible and robust sourcing, contract authoring, requisitioning, receiving,
invoicing, payment and communication options allow you to establish a process that meets the needs
of your enterprise and trading partners. Furthermore, it gives you controlled enforcement to
established procurement contracts for both goods and services so you can ensure that negotiated
savings reach the bottom line.
Improve Supplier Management and Optimize Payables Strategy
As global competition increases, successful companies are lowering the cost of doing business by
standardizing and automating business processes. Oracle E-Business Suites Procure-to-Pay solution
automates the entire business process flow from supplier selection and sourcing through invoice
processing and payment. Seamless E-Business Suite integration paired with flexible and packaged
external integration points make your system open and secure. Oracle E-Business Suites Procure-toPay solution supports seamless policy enforcement and minimizes communication gaps and lag times
with structured supplier communications and policy-driven requestor self-service. It cultivates optimal
payables strategies with real-time supplier and banking information exchange, supplier self-service
KEY BENEFITS
Link purchasing and payables to
From duplicate payments and fictitious vendors to off-catalog purchases and unauthorized/unapproved
payments, organizations face a variety of operational and financial risks within their procurement and
payables operations. The need to balance improved governance, transparency, and more agile processes
and systems to meet compliance mandates while improving performance and increasing value requires
consistent and automated controls across your procure-to-pay process.
Combined with Oracle Fusion Governance, Risk, and Compliance (GRC), Oracles Procure-to-Pay
solution can help organizations reduce procurement and payables fraud, errors, and process inefficiencies
with an added layer of controls and reporting to help ensure policies are consistently and automatically
enforced.
Timely Detection of Fraud and Errors: Alerts to control violations, management overrides,
configuration changes, and transaction anomalies enable the timely detection of problems
before they can escalate, or even occur. This not only reduces direct loss of capital, but also
protects against other related risks including damage to brand value and supplier relationships.
Embedded and Preventive Controls. Oracles GRC Controls are embedded directly into
Oracles E-Business Suite Applications for a more robust internal controls environment across
the procure-to-pay process that is transparent to users.
procure-to-pay process
Oracle Financials
Oracles Procure-to-Pay solution enables a holistic approach to managing the different risks and controls
across your procurement and payables operations. The solution not only improves the integrity of
transactions and financial reports, but enables risk-based intelligence to be incorporated into daily
sourcing and procurement decisions.
Summary
Oracle iProcurement
You can manage what you can see: Oracle E-Business Suite Procure-to-Pay improves the security,
productivity and efficiency of your trading partnerships by offering an unprecedented breadth and depth
of tools - so you can automate and manage 100% of your corporate spend. Once captured, pre-packaged
payables, spend and supplier analyses let you expose savings opportunities, current spend information, as
well as trends and expenditure behavior over time with complete drill-down to supporting transactional
data. All of this allows you to simultaneously monitor the quality of your trading partnerships, catch
expenditure anomalies before they become problems, and understand the fiscal health of your
organization.
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