Enforce Spending Policy in Oracle R12 iProcurement

Robust policy enforcement gives you an unprecedented control and governance support.

Approval and Accounting Enforcement Ensure Compliance – Oracle iProcurement designs policy enforcement into each transaction, from requisition to payment. The approval management capabilities are configurable, ensuring that every requisition has the right approvals based on the amount, the requestor, and even the department in question. It offers the parallel approvals, supports approval based on position hierarchy and a view only approval chain so that the right people offer approvals in the shortest possible time. Customers can instantly view the status of requisitions in the graphical approval chain. It support for key accounting methods which includes encumbrance, amount, projects, and grants ensure correct fiscal control. Administrators can set up tolerances for commitments against a budget. Users can allocate budgets to one or more projects and validate funds availability in real-time. With built-in policy enforcement, routine compliance is increased and exceptions are aired up for management by buying professionals.
Smart Forms Buy in Control of Non-Catalog Requests – Customer needs the services that are not available in the catalog. Smart Forms are completely configurable templates that default key data such as preferred suppliers, category, and cost on request and gather data required to validate and process the order. With Smart Forms, buying services can easily gather and organize these non-catalog purchases. By associating an agreement with a Smart Form, you have all approved requisitions which are placed on purchase orders without customer intervention.
Vendor Price and Contract Enforcement Flow Correct Terms into Each Order - Oracle iProcurement ensures that the prices and terms of your supplier agreements save money in each order. The power of Oracle’s global agreements enables you to set up a vendor agreement once and use it across the organization if needed. The system also helps your organization to comply with centrally authorized dealer agreements by directing the customers to preferred suppliers and allowing them to aggregate demand for quantity discounts. With iProcurement, the savings you negotiate with suppliers consistently reach your bottom line.

Contact Details

Company Name: ERP TREE
Issued By: oracle erptree
Phone: +9188860 96632
City: Hyderabad
State: Andrapradesh
Zip: 500038
Country: India
Website: Visit the website

Keywords : Oracle procurement, Oracle Financials, Oracle HCM, SCM, EBS,

by oracle erptree (few years ago!)

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