Top 10 Procurement Software Vendors: Oracle

By Jack Grimshaw

June 01, 2020

undefined mins

Oracle has been helping people and organisations see data in a different light since 1977, and we are focusing on the company after making our top 10 pr...

Oracle has been helping people and organisations see data in a different light since 1977, and we are focusing on the company after making our top 10 procurement software vendors.

With its ERP procurement platform, helping people discover new insights and unlock endless possibilities has been its everyday function. The platform provides users with a standardised, streamlined and automated source-to-pay process. With this cloud technology, organisations can benefit from a more efficient, effective and influential procurement process.

Key features of Oracle’s ERP procurement platform include sourcing, supplier management, contracting, and procure-to-pay solutions.

Sourcing

With Oracle’s sourcing solution, collaboration between suppliers is made easy. Improved requirements gathering, document sharing and negotiation effectiveness is delivered by Oracle Social Network. Intuitive tools simplify negotiations and modernise the user experience, whilst insight into spend is easy to access.

Contracting

Using pre-approved clause libraries, contract templates and guided contract creation, Oracle delivered standardised contracting operations. Improved visibility with a complete contract audit history and ensured compliance, highlighting contract risks and identifying deviations, are also delivered by the solution.

Procure-to-pay

Oracle’s ERP procurement solution also has the capacity to streamline procure-to-pay processes through automation. Simplified shopping improves the buyer experience for consumers, whilst the solution also ensures negotiated pricing and terms automatically guarantee maximum savings.

Supplier Management

By qualifying and assessing suppliers to support programs, compliance and negotiation decisions, Oracle’s solution can deliver improved information accuracy and optimised supplier collaboration.