Oracle Advanced Procurement is an integrated suite of applications designed for the end-to-end procurement process. This system is suitable for midsize to large organizations and can be deployed both on-premise and in the cloud.
This solution helps streamline procurement processes with its purchasing transaction system and complete finance integration. The Web shop ordering feature allows employees to place and track their requisition from any device.
Oracle Advanced Procurement also allows early payment discounts, as it supports the Evaluated Receipt Settlement (ERS) process, which automatically creates invoices in Oracle Payables for prompt payment. Its vendor managed inventory and consignment process provides access to authorized suppliers so they can manage inventory on behalf of the organization.
This solution can be purchased as an integrated package or via individual module, such as iSupplier Portal. Advanced pricing can be purchased as add-on feature. The complete suite features strategic sourcing, employee and supplier self-service, contract management and procure to pay automation.