Oracle Procurement Cloud - Modern Procurement with Power of Analytics
Updated March 05, 2020
Oracle Procurement Cloud - Modern Procurement with Power of Analytics
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with Oracle ERP Cloud
Oracle Procurement Cloud is used as a source to pay solution. The client wanted to reduce the administrative tasks and automate most parts of the payment process while ensuring that all the costs are tightly controlled. These things along with a better analytics capability was a driving force to use Oracle Procurement Cloud.
- Automation of negotiated terms and pricing helps cut down the administrative overhead immensely.
- Introduces great scope of streamlining your procurement process since Oracle relies on industry best practices.
- Fairly flexible in terms of configuration. Since procurement processes change from company to company, it is great to have a product that has fair degree of flexibility in configuring the policies and approval.
- Reporting capabilities are virtually endless with really good data visualisation. What's more? You can have customised dashboards according to each user type.
- Decent change/version management while mantaining documents
- While reporting capabilities are good. Most of it comes from a custom report which are by no means easy to develop. The out of the box reports are not that good.
- If you do not really follow a very standard procurement process, it could be a problem because it could be tedious to change some behavior systems. Oracle does have a facility to log ER (Enhancement Request) but it takes them over a year(and sometimes more) with no guarantee that the feature will come in subsequent releases.
- Oracle Support is a nightmare to deal with. The customer care team is incompetent and even after multiple interventions by an Oracle Implementation Success Manager, you might not get a timely response at all.
- Once configured in the system, the reports and analytics can deliver a great insight into your procurement cycle without spending extra money on reporting needs.
- Automated policies are helping in cutting down the administrative tasks thus freeing up executives to invest their energy and time into other important activities.
- Tight control over the payment process helps ensure in procuring without overstepping the budget.
- Deltek
Deltek's Procurement solution was something that was considered before client finalized the Oracle Cloud Procurement mainly because of its integration and analytics capacity. Plus it scales very well. These factors in combination prompted the client to finally go with Oracle's Procurement Cloud (they also bought the HCM and Finance cloud shortly after).
Decision Factors & Implementation
- Vendor Reputation
- Existing Relationship with the Vendor
- Positive Sales Experience with the Vendor
- Third-party Reviews
We were already using Oracle's E-Business Suite for a long time, moving to to the Oracle Cloud made most sense since it did not mean a radical change in terms of change in processes. Besides, the fact that Oracle provides one suite which integrates with almost any and all other parts of business such as Human Capital Management cloud, Marketing Cloud and OBIEE, it made most sense to go with Oracle Cloud.