Procurement Leader look here. Here is why you want Oracle Cloud!
Brandon Weber | TrustRadius Reviewer
September 18, 2019

Procurement Leader look here. Here is why you want Oracle Cloud!

Score 9 out of 10
Vetted Review
Verified User
Review Source

Modules Used

  • Oracle Procurement Cloud

Overall Satisfaction with Oracle ERP Cloud

We are using the full ERP and SCM modules across three procurement business units. We plan to roll it out in North American and then globally. It addresses the problems of financial roll up, data access and real time KPI management. In our previous system, we did not have ready access to this and we had to talk to I.T. about getting data and then it also took massive excel work to get the data to tell a story.
  • Supply Planning and MRP: Its very easy for the users to use supply planning to procure material in the right quantities and in the correct time without spending a lot of time reviewing data to make decisions.
  • The supplier collaboration is very good. Using the suppliers to act as an additional planning review step allows us to manage the overages and under ordering of material based on forecasts that our planners may miss.
  • The requisition approval flow is very good after it is setup. This gives me the financial accumen to make decisions on spend and to also be able to review the spend in the OTBI to balance my budgets.
  • The Oracle mobile procurement app is pretty poor. Its very slow, and instead of the punchout catalogs accessing the suppliers mobile page, it uses their full page and on mobile devices, makes it very hard to use.
  • Demand planning connection to EDI data just became available in 19B and so we are dealing with un-scrubbed forecasts in our supply plan which is causing inventory issues. This should have been done earlier in the development process.
  • The infolets are not really configurable and to gather KPIs through OTBI is very difficult, espically those that are cross functional in nature. Meaning, manage KPIs on invoices and POs, since they are in two different subject areas, we have to rely on outside assistance to build these reports. Surely there is a better way.
Oracle ERP Cloud has improved my process throughout the entire supply chain. I can place POs faster within financials controls, I can receive and put inventory away faster as well as cycle counting and the PTM tract has fast response to back flush. I enjoy having MRP run every night and giving me a new look each day instead of once per week in my old system. I also use the questionnaires with risk management for supplier on boarding, risk compliance, and other controls that I am required to have. I have reduced my inventory 40%, decreased my stock outs by 50% and can provide a real time forecast to my suppliers so they know what to buy to support my product.
  • Inventory reductions of $15M
  • Lead time reductions of 2-5 days depending on the suppliers
  • T. and finance time reduction by 75% generating reports on my own vs asking for help.
  • Receiving labor overtime reduction of 25%.
I am a member. I like to hear others and what they are working on. This prevents me from getting stagnant and continuing to improve my business. What I don't like is that when you search, it doesn't seem like it brings up many appropriate responses. Its beginning to grow in size, but it is growing and I am excited to see this. Makes my day when I know I am not the only one suffering and issue. It also saves me time if there is not a solution and I am not searching for a needle in a haystack.
We wanted to leap ahead and find a software that would stand the test of time. Being a supplier to OEMs makes sense to have the best. We looked at SAP and some others, but Oracle was the only one that we found build the software for the cloud specifically. Its not just a fancy front end with a green screen background.
Oracle ERP Cloud is very good for planning and procurement. The ability to train people quickly and have them able to configure the screens for their preference and make them feel valued is huge. Its not just a screen where they have to deal with it. Cycle counting, receiving and inventory management are very clear and without much confusion.

Oracle Cloud ERP Feature Ratings

Accounts payable
Not Rated
Accounts receivable
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
Not Rated
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
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
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
8
Automatic reordering
5
Location management
7
Manufacturing module
8
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
7
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
Dashboards
2
Standard reports
2
Custom reports
6
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
10
Award Lifecycle Management
4
Spending Control
9
Indirect Cost Management
8
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
5
Sourcing Analysis
7
Bids Analyzed and Compared
2
Catalog Shopping E-Commerce for Employees
2
Purchasing Risk and Compliance Management
8
Requisitions-to-Purchase Orders Integrated
9
Spend Compliance Management
9
Supplier Assessment
8
Supplier Communication and Collaboration
10
Supplier Management
9
Supplier Portal
10
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
10
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
9
Inventory Planning
9
Performance Monitoring
6
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