E-business software provide Oracle Corp. has introduced Procure-to-Pay in 30 Days, solutions designed to streamline the entire procurement process in 30 days or less.
Procure-to-Pay in 30 Days is scheduled to be available in July, and encompasses the full range of purchasing activities, including pre-sourced catalogs, requisitioning, purchasing, invoicing, receiving, payments, electronic banking, automatic cash reconciliation and reporting.
“With Procure to Pay in 30 Days, companies of any size will be able to capitalize on a rapid implementation model, complete with pre-negotiated contracts, online payments and Oracle’s unsurpassed Internet Procurement solution. It’s a win-win proposition for our customers and their suppliers,” said said Jeremy Burton, senior vice president, product and services marketing.
With Procure to Pay in 30 Days, Oracle has automated the entire purchasing process for all enterprises from contract negotiation to requisitioning, payments and cash reconciliation.
The Procure-to-Pay solution will be available to companies of all sizes and includes pre-negotiated prices on indirect goods and services from leading suppliers so customers can realize savings immediately. Pre-negotiated contracts from WorldCrest permit customers to save months of negotiation time with suppliers and will find already-discounted prices for a wide variety of indirect goods and services.
Additionally, Procure to Pay in 30 Days will be pre-connected to leading payment service providers so buyers can make online payments to suppliers. Procure-to-Pay in 30 Days will be available as an online service through Oracle.com and leverages Oracle Consulting’s FastForward Flow methodology.