ORACLE-PROCUREMENT-CLOUD

Oracle Fusion P2P SaaS.

Definition

Oracle Procurement Cloud: (1) Self-Service Procurement (catalogues, Punch-Out, requisitions), (2) Purchasing (POs, blanket POs, supplier evaluation), (3) Sourcing (RFx, reverse auctions), (4) Procurement Contracts (CLM), (5) Supplier Qualification, (6) Supplier Portal. Oracle ERP Cloud, Oracle SCM Cloud integration. ML embedded for spend analytics.

Origin

Oracle Procurement Cloud launched 2014 in Oracle Fusion Cloud Apps R10 ; successor to Oracle PeopleSoft eProcurement and Oracle iProcurement.

Example in context

Bank of America uses Oracle Procurement Cloud for 60000+ employees ; native Oracle ERP Cloud integration for accounting.

Related terms

• SAP Ariba — competitor.