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Driving Digital Transformation with Oracle Procurement Cloud

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If you are looking for a robust Procure-to-Pay (P2P) solution with automated workflows and that’s fully integrated with manufacturing, order management, and financials, then look no further than Oracle Procurement Cloud.

Oracle Procurement Cloud seamlessly integrates with suppliers, invoices, customers, manufacturing and everything supply chain.

Modern procurement systems streamline the procurement process, minimizing manual transactions and delivering significant cost savings and improved processes. Whether you are in order fulfillment or operations, your colleagues are driving digital transformation by including cloud in their supply chain strategy.

We took a deeper look at Oracle Procurement Cloud and:

-Detailed the key benefits and features
-Explored drill-down into drop shipment functionality, payables, and financials
-Outlined the key components for a successful implementation
-Presented a client success story

Published in: Technology
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Driving Digital Transformation with Oracle Procurement Cloud

  1. 1. Driving Digital Transformation with Oracle Procurement Cloud
  2. 2. Matt Makowsky Director, Oracle ERP Cloud matt.makowsky@perficient.com
  3. 3. 3 Agenda • Perficient Profile • Procure to Pay - Live Demonstration • Key Setups – Transaction Accounting Definition – Subledger Mapping Rules – Catalogues and Categories – Blanket Purchase Agreement – Content Zone • Generate Requisitions – Catalogue Request, Inventory vs. Expense – Non Catalogue Request – Review Account Codes • Review Purchase Order Creation • Perform Receipts • Generate AP Invoice • Review Costing Processes • Q&A
  4. 4. 4 About Perficient Perficient is the leading digital transformation consulting firm serving Global 2000 and enterprise customers throughout North America. With unparalleled information technology, management consulting, and creative capabilities, Perficient and its Perficient Digital agency deliver vision, execution, and value with outstanding digital experience, business optimization, and industry solutions.
  5. 5. 5 Perficient Profile Founded in 1997 Public, NASDAQ: PRFT 2016 revenue $487 million Major market locations: Allentown, Atlanta, Ann Arbor, Boston, Charlotte, Chicago, Cincinnati, Columbus, Dallas, Denver, Detroit, Fairfax, Houston, Indianapolis, Lafayette, Milwaukee, Minneapolis, New York City, Northern California, Oxford (UK), Southern California, St. Louis, Toronto Global delivery centers in China and India 3,000+ colleagues Dedicated solution practices ~95% repeat business rate Alliance partnerships with major technology vendors Multiple vendor/industry technology and growth awards
  6. 6. 6 Oracle Practice Overview 3000+Deployments Industry Expertise Multi-Solution Expertise EPM | ERP | BI | CX Platinum 200+Oracle Experts Partner Cloud Select Healthcare | Supply Chain/Mfg. | Energy/Oil & Gas Financial Services | Consumer Markets 15 Specializations
  7. 7. 7 Procure to Pay – New Cost Management Model Inventory Procurement Payables Cost Management
  8. 8. 8 E-Business Suite vs. Cloud ERP Key Differences • In EBS, expenses flowed through Purchasing. In Cloud ERP, all costs (Inventory and Expense) flow through Costing. • In EBS, purchasing and inventory had their own period close. In Cloud ERP, the Costing module controls all periods for both modules. • In EBS, the accrual reconciliation process was performed in Purchasing. In Cloud ERP, all reconciliations are centralized in Costing. • Receipts and Payables Invoices are transferred into the costing module. • Any Period End Accruals are performed in Cost Module (previously done in Procurement). • Live dash boards allow management by exception (did not exist in EBS) • All accounting is defined in Transaction Accounting Definition (TAD) and Subledger Accounting Rules. In EBS, all accounts were defined directly on Inventory, Sub Inventory, and Category definitions. The Cloud ERP methodology centralizes all accounting configurations.
  9. 9. Live Demonstration
  10. 10. Questions Type your question into the chat box
  11. 11. 11 Next up: [Webinar] Oracle Essbase in the Cloud – A Mercer Advisors Success Story Tuesday, November 14h [Event] Modern Supply Chain Experience January 29-31, 2018 Follow Us Online • Perficient.com/SocialMedia • Facebook.com/Perficient • Twitter.com/PRFT_Oracle • Blogs.perficient.com/Oracle
  12. 12. Thank You

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