Oracle ERP cloud: what are the latest developments?

The latest innovations in the Oracle ERP Cloud tool include several aspects in the activities of a company. These integrate various transaction management solutions such as Procure to Pay, Order to Cash, Cash management, Asset Management and Expenses.

Strategy FINANCE

The Finance blog
Discover our ERP solutions

Procure to Pay

The Oracle ERP Cloud tool within Enterprise Resource combines several functions. Procure to Pay (P2P ) provides supplier data management, improved procurement efficiency, simplified purchasing experiences, automated invoice processing and intelligent supplier payment solutions.

Supplier data management

The Oracle ERP Cloud tool integrates optimized supplier data management. This system gathers all relevant information concerning the different suppliers of the company. Thus, global visibility into supplier qualifications, capabilities, performance, and risk enables conscious transactions and avoids inconvenience.

Improving procurement efficiency

The P2P system from the Oracle ERP Cloud tool aims to both optimize procurement efficiency and reduce costs. Negotiation phases are faster, which generates savings and provides greater value with suppliers. The P2P system simplifies the creation of documents through guided assistance and the integration of standard templates to facilitate operations.

Simplifying the buying experience

The Oracle ERP Cloud tool offers a feature that simplifies all operations related to the purchasing area of a company. This intuitive shopping experience is close to the customers’ experience. It allows you to research and compare different products and services quickly and reliably, which increases customer confidence and loyalty.

Automation of invoice processing

The Oracle ERP Cloud tool has an application that allows for automatic invoice processing. Here is a description of the operations resulting from this automation:

  • fast recording and reporting of supplier invoices through optical character recognition and computer graphics;
  • Use of the invoice console to quickly resolve difficulties related to receipts that are not automatically recorded;

Intelligent solutions for supplier payments

Among the smart digital solutions related to the evolution of Oracle ERP Cloud, vendor payments include the following benefits:

  • limiting financial outflows through smart payment discount suggestions;
  • planning the cash flow requirements report by identifying cash needs;
  • Reduced data entry through integrated payment processing models.
Learn more about our ERP expertise

Order to cash

The Order to Cash (O2C) system includes the innovations of Oracle ERP Cloud. Here is an overview of the benefits of the O2C application:

  • Responding to dynamic customer needs through the use of a business community model tailored to the management of the company’s activities;
  • Share payment, billing and shipping activities through the establishment of accounts receivable relationships, as required;
  • Efficient invoicing through fast generation of invoices and sales credit notes;
  • Resolution of transactions at different phases of the billing process by using the billing work area;
  • simplifying payments for customers by controlling cash flow with various payment options;
  • Cost reduction through online invoice management, accessible to customers for account consultation, payment execution, transaction dispute and document printing;
  • Use intelligent instructions to find invoices associated with debit notes when automatic applications cannot find them.
Want to know more? Contact our experts

Cash Management

The Oracle ERP Cloud integration includes the integral Cash Management (CM) system.

CM functions include the following actions:

  • centralization of bank account management to secure cash flow;
  • targeted user access and function control by business area;
  • electronic processing of bank statements and external financial transactions;
  • Automatic reconciliation of bank statements and external cash transactions to optimize account status;
  • Daily display of the cash position to improve financial forecasting based on flows (statements, external transactions).

Asset Management

The Oracle ERP Cloud Expert has an Asset Management (AM) application that facilitates the management of the entire asset-related financial process. It includes acquisition, capitalization, amortization and withdrawal operations. These features maximize global asset visibility by unifying asset data globally.

Expenses

Oracle ERP Cloud integration enables the use of Expenses (EX) expense management software which greatly reduces manual tasks. Here is an overview of the principles of the EX system:

  • use of a digital expense assistant: data entry using voice commands and image exchange via SMS;
  • automatic controls on expense costs: verification of transaction compliance with laws, custom approvals, audit selection ;
  • Pre-filling of credit card expenses: users can quickly link transactions to receipts;
  • Mobile expense entry with iPhone or Android.

DOWNLOAD OUR LATEST WHITE PAPER FOR FREE

WHICH TOOLS TO MANAGE YOUR FINANCE STRATEGY?

DOWNLOAD

Also read in our "tools to manage your finance strategy" file:

Share This