This Supply Chain Matters update provides our second updated overview relative to Oracle’s Procurement Cloud application, an end-to-end public Cloud-based application support offering in indirect and direct procurement process support.
Supply Chain Matters recently provided updates and highlights from the 2018 Oracle Modern Supply Chain Experience held in January, including five different blogs along with summary impressions and links to all updates.
At this year’s MSCE event, Tom Anthony, Oracle’s Vice President of Procurement Product Strategy provided an updated overview and product roadmap related to Oracle Procurement Cloud.
The current version of this application is Release 13 17D. We last highlighted Release 13 Cloud Procurement suite in an October 2017 posting. In that update, we specifically called attention to Release 13 enhancements applied to Sourcing, Supplier, Contracts and Purchasing Management process support areas as well as Self-Service Procurement. This year’s MSCE conference was another opportunity for Oracle SCM Product Development to update prospects and existing customers on ongoing roadmaps and release updates in the pipeline.
As noted, the Cloud Procurement suite has made considerable progress in its ability to support what Oracle depicts as a complete Source to Settle applications suite. Oracle’s continued investment in features and functions include the ability to support adaptive payment discounts, DocuSign signatures, invoice imaging with line matching for payables needs, advanced data visualization including mobile-based applications. Global-based procurement management support has been extended to specific Brazil, Czech Republic, India, Poland, and Vietnam country-specific needs, with industry support that now features manufacturing, healthcare, financial services and public-sector industry segments.
One of the neat features of Release 13 17D Procurement Cloud is an electronic signature integration that assists teams in automatically flagging documents requiring signature, while executing document actions that can be stored in PDF files or attachments along with providing a full signature action history. Users have the ability to define and overall procurement spend savings target and objectives with ongoing negotiated savings automatically updating and charting progress to the target goal. In Indirect or Direct Materials support, embedded rules can determine whether inventory is sourced from a supplier, from inventory pools or both.
Oracle’s presented product roadmap for Procurement Cloud includes added procurement management functionality that includes BI Publisher email approval notifications and extensible outbound messaging of requisition, purchase order, change order or agreement. Users are to be provided the functionality to customize notification content, layout or style. Strategic Sourcing enhancements for the next release include a supplier action audit capability, the enhancement of sell-side auction as well as contract award. Contract Management enhancements call for the addition of a contract hierarchy view. The specific product roadmap currently includes Release 18A to include internal supplier bank account change approval, and Release 18B to include the ability for mobile-based punchout.
As we have continually noted to our previous Oracle focused blogs, existing licensed Oracle E-Business Suite or other ERP focused customers may be of the view that the Cloud versions of Oracle’s supply chain management or procurement focused applications may be thin in the functionality area. Quite the contrary exists as various Oracle development teams continue to have their focus on making Cloud based versions of various business applications viable alternatives for managing various enterprise level or industry-specific business process support needs.
From our Supply Chain Matters lens, it is becoming far more evident that Oracle’s ongoing investments in development and periodic releases in SCM umbrella applications is a means to support increased customer attraction and adoption momentum in this deployment option. The numbers related to such customer adoption add evidence to equivalent, and soon, enhanced functionality and features in the Cloud vs. licensed offerings.
Oracle continues to nurture a vibrant Cloud Customer Connect Community, now noted as consisting of in excess of 120,000 members, that provides available forums, idea labs, upgrade resources or events that customers can take advantage of. Events such as the recent MSCE conference were added opportunities for customers and prospects to directly interact with Oracle SCM Development.
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