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Oracle Procurement Cloud
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Oracle Procurement Cloud

Overview
Synopsis

Use Procurement Cloud to streamline your source-to-pay process through automation and social collaboration, while controlling costs and achieving higher margins.

Category

Contract Lifecycle Management Software

Features

SaaS (Software as a Service)
PaaS (Platform as a Service)
IaaS (Infrastructure as a Service)
25 different languages
Pre-approves clause library
Sourcing
Contract templates
Guided contract creation
Contract audit library
Supplier management

License

Proprietary

Price

Sourcing (Sourcing, Supplier Management, Transactional Business Intelligence for Procurement): $650 per user per month
Procurement Contracts: (Procurement Contracts, Supplier Management, Transactional Business Intelligence for Procurement): $405 per user per month

Pricing

Subscription

Free Trial

Available

Users Size

Small (<50 employees), Medium (50 to 1000 employees), Enterprise (>1001 employees)

Company

Oracle Procurement Cloud

PAT Rating™ ( Beta)
Editor Rating
Aggregated User Rating
Rate Here
Ease of use
8.7
6.7
Features & Functionality
8.8
6.7
Advanced Features
8.7
6.8
Integration
8.6
6.9
Performance
8.8
5.8
Customer Support
8.6
7.0
Implementation
8.8
Renew & Recommend
6.0
Bottom Line

Oracle Procurement Cloud is the industry’s broadest and most integrated public cloud. It is a complete source to settle solution that includes supplier qualification management, sourcing, procurement contracts, purchasing, self-service procurement, and supplier portal.

8.7
Editor Rating
6.7
Aggregated User Rating
3 ratings
You have rated this

Oracle Procurement Cloud is the industry’s broadest and most integrated public cloud. It is a complete source to settle solution that includes supplier qualification management, sourcing, procurement contracts, purchasing, self-service procurement, and supplier portal. It offers best-in-class services across software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS), and even lets the user put Oracle Cloud in their own data center.

Oracle Cloud helps organizations drive innovation and business transformation by increasing business agility, lowering costs, and reducing IT complexity. It supports 25 different languages and can operate multiple companies with diverse charts of accounts and currencies. One of its main features is sourcing.

The Oracle Procurement Cloud allows users to collaborate, and to improve requirements gathering, document sharing and negotiation effectiveness with its sourcing teams. Also, it streamlines the user’s negotiation activities with intuitive tools and modern user experience, and lets them analyze and gain insight into spend opportunities and maximize negotiates savings.

Regarding the contracting process, Oracle Procurement Cloud standardizes it by enforcing business policies using pre-approved clause libraries, contract templates, and guided contract creation. It improves the contracts visibility by leveraging a secure and searchable contract repository, automate renewals, and capture amendments and addendums with a complete contract audit history. Moreover, it ensures compliance by identifying deviations from standards, highlighting contract risks, enforcing document approvals, and capturing electronic signatures.

Another process is the payment of procures. Oracle Procurement Cloud streamlines processes by automating requisition through invoice matching and payment, and shifting the user’s organizational focus towards more strategic activities; simplifies shopping by helping the user’s employees to quickly find the goods as services they need with a familiar consumer buying experience; and enforce negotiated pricing by ensuring the user’s negotiated pricing and terms are automatically leveraged to realize maximum savings.

Another essential feature is the possibility of supplier management. It lets users qualify and assess suppliers to support supplier programs, compliance and negotiation award decisions. Also, it improves information accuracy, as it capture timely updates to supplier information and proactively respond when changes might affect supplier qualification capabilities or risk. Moreover, it enables supplier collaboration by giving suppliers the insight they need, allowing them to share documents and commentary and letting them transact electronically with minimal training.

You may like to read: Top Contract Lifecycle Management Software, Top Free Contract Management Software and How to Select the Best Contract Lifecycle Management Software for Your Business

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1 Reviews
  • Jaylin
    June 2, 2017 at 4:25 pm

    Streamline your source-to-pay process through automation and social collaboration, while controlling costs

    Company size

    Small (<50)

    User Role

    Consultant

    User Industry

    Pharmaceutical

    Rating
    Ease of use8.3

    Give your suppliers the insight they need, allow them to share documents and commentary, and let them transact electronically with minimal training.

    Features & Functionality8.4

    Advanced Features8

    Integration8.6

    Training 8.6

    Customer Support8.6

    Renew & Recommend8.3

    ADDITIONAL INFORMATION
    It enables sourcing through collaboration, streamlining and analysing, the contract stage by enforcing policies business policies using pre-approved clause libraries, contract templates, and guided contract creation. A Procure to pay feature that streamlines processes automates requisition through invoice matching and payment, and shifts your organizational focus towards more strategic activities

Ease of use
Features & Functionality
Advanced Features
Integration
Performance
Customer Support
Implementation
Renew & Recommend

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