Oracle Cloud ERP Journey - Procurement focused.
March 03, 2021

Oracle Cloud ERP Journey - Procurement focused.

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Modules Used

  • Oracle Procurement Cloud

Overall Satisfaction with Oracle Cloud ERP

Due to the nature, complexity and scale of our business we run multiple ERP systems for different business units. Oracle Cloud ERP is used by about 50% of our business units in NAM. While there are several business processes that we run on top of Oracle Cloud ERP, my expertise and responsibilities lie mostly in the area of procure to pay processes. We are using Oracle ERP cloud in conjunction with supplier network of a different vendor. We are able to realize best of both worlds with this setup.
  • Solution is well suited for direct and indirect procurement.
  • Has capabilities in sourcing, purchasing and supplier lifecycle management.
  • Rich user interface with charts and reporting that can be customized
  • For companies willing to switch from the SAP's accounting model, Oracle should create accelerators that make the process easier. It's in everybody's benefit.
  • More agressively seek customer inputs in getting more features added.
True, Oracle Cloud ERP offers a wide range of capabilities. I can speak for procurement and financials. These two areas have a strong feature set, great cadence for feature releases. As this is a SaaS offering, customers have fewer things to worry about from an IT perspective. Within procurement, Oracle Cloud ERP delivers an end to end process flow capabilities including direct and indirect sourcing, purchasing and supplier management. This complete lifecycle is fully integrated and can be extended into third party supplier networks.
  • Less training required to end users due to the intuitive UI
  • No need to integrate third party procurement tools due to invoicing, requisitions and supplier management functions.
  • Ability to report and analyze the spend based on suppliers and contracts
  • Single sign-on capability allows licensing cost optimization and ease of maintenance
  • Ability to entend to third party tools with APIs
Oracle ERP Cloud was a natural go-to after using EBS and several decentralized prcurement systems we operated for several years due to mergers and acquisitions. When we took on this journey to cloud, we performed an initial assessment of level of disparity in processes across the organization. We were able to weigh the need and scale of process harmonization. Before we started technical implementation, we did process workshops and then embraced the best practices offered by Oracle ERP cloud. This fetched us great results as most of the organization was ready for the new and renewed tool.
We have evaluated Ariba Procurement and Strategic Sourcing solutions for some parts of the organization. Due to the value proposition and feature set offered by Pracle Cloud ERP, we implemented the same and then integrated with Ariba Supplier Network with Commerce Collaboration service. This allowed us the flexibility of operating a tool of choice internally while accessing suppliers on Ariba Network.
Well suited for organizations -
  1. Willing to embrace global best practices in the field of procurement
  2. Can align with release calendar for Oracle Cloud ERP and embrace the features at the same pace
  3. Can afford the licesing cost and derive the value of such investment
Not well suites for companies -
  1. Where there is a lack of process harmonization
  2. Not willing to invest in a cloud product

Oracle Cloud ERP Feature Ratings

Accounts payable
9
Accounts receivable
9
Global Financial Support
9
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
9
Localizations
10
Journals and Reconciliations
Not Rated
Enterprise Accounting
10
Configurable Accounting
10
Centralized Rules Framework
Not Rated
Standardized Processes
10
Automated Invoice Processing
Not Rated
Shared Services Payments
Not Rated
Billings Management
Not Rated
Customer Receipt Applications
Not Rated
Customer Collections
Not Rated
Revenue Recognition
Not Rated
Cash Management
Not Rated
Asset Management
Not Rated
Travel & Expense Management
Not Rated
Budgetary Control & Encumbrance Accounting
Not Rated
Period Close
Not Rated
Transactions Tax
Not Rated
Subledger Reconciliations
Not Rated
3rd Party Accounting Systems
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
9
Order entry
9
Credit card processing
9
Cost of goods sold
10
Order Orchestration
10
End-to-end order visibility
10
Order exception Resolution
10
Dashboards
10
Standard reports
10
Custom reports
10
API for custom integration
10
Plug-ins
10
Role-based user permissions
9
Single sign-on capability
10
Award Lifecycle Management
Not Rated
Spending Control
Not Rated
Indirect Cost Management
Not Rated
Billing
Not Rated
Budgeting and Forecasting
Not Rated
Project Costing
Not Rated
Cost Capture
Not Rated
Capital Project Management
Not Rated
Customer Invoicing
Not Rated
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Project Financial Performance Analysis
Not Rated
Project Financials Dashboard
Not Rated
Real-time Financial Reporting
Not Rated
Embedded Business Intelligence
Not Rated
Project Planning Collaboration
Not Rated
Project Planning and Scheduling
Not Rated
Project Manager Dashboard
Not Rated
Resource Manager Dashboard
Not Rated
Task Insight for Project Managers
Not Rated
Project Manager Mobile Functionality
Not Rated
Team Member Task Collaboration
Not Rated
Team Member Mobile Functionality
Not Rated
Project Candidate Search
Not Rated
Project Candidate Comparison and Analysis
Not Rated
Defineable Resource Pools
Not Rated
Defineable Resource Pools
Not Rated
Talent Profiles
Not Rated
Real-Time Project Reporting
Not Rated
Absence Management
Not Rated
Product Lifecycle Management
Not Rated
Sourcing Team Collaboration
10
Sourcing Analysis
9
Bids Analyzed and Compared
9
Catalog Shopping E-Commerce for Employees
9
Contract Authoring
10
Contract Compliance Management
9
Contract History
9
Contract Renewal Automation
10
Contract Repository
9
Contract Standardization and Enforcement
9
Electronic Signatures
9
Invoice Automated Matching
9
Purchasing Risk and Compliance Management
10
Requisitions-to-Purchase Orders Integrated
9
Spend Compliance Management
9
Supplier Assessment
10
Supplier Communication and Collaboration
9
Supplier Management
9
Supplier Portal
9
Risk Repository
Not Rated
Control Management
Not Rated
Control Mapping
Not Rated
Control Efficiency Assessments
Not Rated
Automated Control Assessments
Not Rated
Assessment Capture
Not Rated
Issue Detection
Not Rated
Automatic Notification
Not Rated
Remediation and Certification
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Sourcing Management
Not Rated
Transportation Process Integration
Not Rated
Transportation Execution Management
Not Rated
Freight Payment Automation
Not Rated
Trade Management
Not Rated
Trade Regulatory Compliance Management
Not Rated
Customs Entry Management
Not Rated
Customs Document Management
Not Rated
Customs Document Collaboration
Not Rated
Fulfillment Management
Not Rated
Inventory Visibility
Not Rated
Warehouse Workforce Management
Not Rated
Production Process Design
Not Rated
Supply Chain Business Flows
Not Rated
Production Management
Not Rated
Contracted Manufacturing Management
Not Rated
Configuration Management
Not Rated
Work Definition
Not Rated
Work Execution
Not Rated
Advanced Fulfillment
Not Rated
Manufacturing Costs
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Multi-tier Supply Chain Planning
Not Rated
Performance Monitoring
Not Rated
Ideation Management
Not Rated
Requirements Management
Not Rated
Proposal Management
Not Rated
Innovation Portfolio Management
Not Rated
Product Master Data Management
Not Rated
Vendor Portal
Not Rated
Project Portfolio Management
Not Rated