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Procure to Pay

Procure to Pay

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Published by sreenivas040
Procure to Pay
Procure to Pay

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Published by: sreenivas040 on Jun 17, 2013
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05/03/2014

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Oracle E-
Business Suite’s
Procure-to-Pay Solution lowersprocurement costs, improves supplier management andpayables strategy, and reduces fraud, errors and processinefficiencies.
 
Oracle E-Business Suite
’s
Procure-to-Pay Solution
Improved Bottom-Line
Using Oracle AdvancedProcurement and OracleFinancials has enabled us totransform the purchasingdepartment to a value-addedorganization, resulting in over $74 million in documented costsavings
.”
 
 –
Ralph Maier,Dir. of Purchasing Services
University of Pennsylvania
 
Lower Total Procure-to-Pay Costs
In this ultra-competitive business environment, you need to optimize supply management performancein 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 itsmarket space. Oracle E-
Business Suite’s
Procure-to-Pay solution allows you to collaborate withsuppliers by offering a simple, easy-to-use Web-based interface for closed-loop collaboration. OracleiSupplier Portal streamlines the on-boarding of new suppliers and the maintenance of existing ones while simplifying order fulfillment and invoice payment. Orac
le’s
pre-configured integration with Transcepta's e-Invoicing and supplier enablement services maximizes supplier adoption for electronicinvoice transmission. Flexible and robust sourcing, contract authoring, requisitioning, receiving,invoicing, payment and communication options allow you to establish a process that meets the needsof your enterprise and trading partners. Furthermore, it gives you controlled enforcement toestablished procurement contracts for both goods and services so you can ensure that negotiatedsavings 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 Suite’s
Procure-to-Pay solutionautomates the entire business process flow from supplier selection and sourcing through invoiceprocessing and payment. Seamless E-Business Suite integration paired with flexible and packagedexternal integration points make your system open and secure. Oracle E-
Business Suite’s
Procure-to-Pay solution supports seamless policy enforcement and minimizes communication gaps and lag times with structured supplier communications and policy-driven requestor self-service. It cultivates optimalpayables strategies with real-time supplier and banking information exchange, supplier self-service

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