Oracle Pronounces New Merchandise and Capabilities for Oracle Procurement

Oracle Company, a supplier of built-in cloud purposes and platform providers, launched updates to Oracle Fusion Cloud Procurement, a product suite that manages a corporation’s full source-to-settle cycle. A part of Oracle Fusion Cloud Provide Chain & Manufacturing (SCM) and Oracle Fusion Cloud Enterprise Useful resource Planning (ERP), the corporate’s built-in answer is designed to assist prospects decrease threat, cut back prices, implement compliant spending and simplify provider administration and contracting. The updates embody:

  • Complicated Procurement: A functionality that helps organizations procure providers and handle threat by serving to make sure that contractors and subcontractors adjust to negotiated cost phrases.

  • Spend and Procurement Analytics: A product that provides prospects a holistic view of procurement and provider efficiency throughout your complete group. 

  • Spend Classification: A brand new functionality that helps procurement professionals higher perceive their group’s spending patterns and achieve an correct overview of shopping for exercise. 

  • DataFox Provider Intelligence: A brand new product that helps prospects confirm provider knowledge throughout onboarding and achieve real-time perception into provider well being by way of alerts and risk-indicator scores. 

  • Provider Qualification Administration: A brand new functionality that helps prospects comprehensively assess their suppliers.

  • Mission-Pushed Provide Chain: An end-to-end functionality that helps prospects in asset-intensive industries, corresponding to manufacturing, management mission threat with end-to-end planning, execution and visibility. 

About Oracle Company

Oracle is an Austin-based, multi-national database administration firm serving to prospects see knowledge in new methods and uncover analytic insights. Oracle gives a spread of cloud-based purposes and platforms, together with options for enterprise useful resource planning, knowledge administration, collaboration and IT operations administration.