Oracle

Oracle Fusion Cloud Procurement

6.9 /10

What is Oracle Fusion Cloud Procurement?

Modern procurement starts with standardizing, streamlining, and automating the source-to-pay process. With Oracle Procurement Cloud, you'll gain a more efficient, effective, and influential procurement organization that helps keep costs under control by selecting the best suppliers, enforcing policy, and managing supplier risk.

Company Details

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Awards & Recognition

Oracle Fusion Cloud Procurement won the following awards in the Contract Lifecycle Management category

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0 Top Rated Capabilities

1 Top Rated Features

2023

1 Top Rated Capabilities

3 Top Rated Features

2022

Oracle Fusion Cloud Procurement Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Oracle Fusion Cloud Procurement.

81 Likeliness to Recommend

96 Plan to Renew

75 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

+76 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Oracle Fusion Cloud Procurement?

6% Negative

16% Neutral

78% Positive

Pros

Trustworthy
Reliable
Saves Time
Respectful

Feature Ratings

Average 79

Contract Approval

E-Signature

Obligation Management

Reporting Analytics

Contract Authoring

Searchable Repository

Workflow

OCR Support

Integration

Clause Management

Redlining

Vendor Capability Ratings

Average 77

Ease of IT Administration

Vendor Support

Usability and Intuitiveness

Quality of Features

Ease of Customization

Product Strategy and Rate of Improvement

Business Value Created

Breadth of Features

Ease of Implementation

Availability and Quality of Training

Ease of Data Integration

Oracle Fusion Cloud Procurement Reviews

Thomas D.

Role: Finance
Industry: Manufacturing
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Apr 2022

Procurement that's simple to set up and utilize

Likeliness to Recommend

9 /10

What differentiates Oracle Fusion Cloud Procurement from other similar products?

The module's integration with some other Oracle Cloud Applications. Every quarter, during product updates, enhancements are made. It appears that I can perform anything in Oracle Sourcing instead of using numerous tools. Management of RFQs, punchouts, and other similar tasks will be quite beneficial. In comparison to others, it performs better.

What is your favorite aspect of this product?

I feel that successful procurement operations are something that I find quite intriguing while using Oracle Fusion Cloud. It enables us to carry out a quick and efficient procurement procedure that enhances our relationship with our vendors while also lowering our costs. This product appeals to me since it allows me to improve the purchasing and invoicing system by speeding up the processes and keeping a complete record of the transactions.

What do you dislike most about this product?

Out-of-the-box connections with financials and projects. Contracts, catalogs, and buying and payables information structures are all easily managed. Drill-down & drill-through to Interface features provides brilliant reporting. It was, in my opinion, the best tool, and I greatly appreciate it.

What recommendations would you give to someone considering this product?

I recommend that you work on it. Oracle Purchasing Cloud is a dependable solution with numerous advantages, which is why we enjoy collaborating with it. It enables me to enhance the purchasing and billing system by accelerating processes and maintaining a thorough record of transactions.

Pros

Continually Improving Product
Reliable
Unique Features
Effective Service

Role: Information Technology
Industry: Banking
Involvement: IT Leader or Manager

Validated Review

Anonymous Reviewer

Submitted Feb 2021

fantastic product

Likeliness to Recommend

9 /10

Pros

Performance Enhancing
Enables Productivity
Effective Service
Helps Innovate

Role: Finance
Industry: Gaming and Hospitality
Involvement: Business Leader or Manager

Validated Review

Anonymous Reviewer

Submitted Feb 2021

Fairly easy to implement and customize

Likeliness to Recommend

8 /10

Pros

Efficient Service
Appreciates Incumbent Status
Security Protects
Helps Innovate

Cons

Vendor Friendly Policies
Less Generous
Under Delivered

Oracle Fusion Cloud Procurement

What is Oracle Fusion Cloud Procurement?

Company Details

Need Assistance?

Awards & Recognition

Oracle Fusion Cloud Procurement Ratings

81 Likeliness to Recommend

96 Plan to Renew

75 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+76 Net Emotional Footprint

How much do users love Oracle Fusion Cloud Procurement?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Contract Approval Automated and hierarchical approval process from one or many approvers of a contract(s) within the CLM system.

E-Signature Native e-signature capabilities and/or integrations to 3rd party e-signature solutions.

Obligation Management Obligations, deliveries, SLA status, key event tracking of contract events through the CLM system

Reporting Analytics Perform analysis of contract portfolio and provide insights into the contract portfolio.

Contract Authoring Creation of the contract with legal controls such as contract structure, required information, drafting parameters. Integration with MSFT Word is high value.

Searchable Repository Storage and indexing of contracts by various criteria, including meta-tagging capabilities. Online access to all personnel that need access to them

Workflow Solution allows business to automate approval and action routines for easy fast processing through the lifecycle.

OCR Support Automated import of 3rd party and legacy agreements

Integration Linkage from CLM to transactional systems such as order management systems, accounts payable systems, CRM, P2P/S2S, Legal Matter solutions, and risk management

Clause Management Presence of a clause library, ability to build clause libraries, AI overlay for review and analysis of contract clauses via Machine Learning

Redlining Ability to redline agreements, with version control, and across various document formats.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Oracle Fusion Cloud Procurement Reviews

Thomas D.

Procurement that's simple to set up and utilize

Likeliness to Recommend

Pros

fantastic product

Likeliness to Recommend

Pros

Fairly easy to implement and customize

Likeliness to Recommend

Pros

Cons

Most Popular Oracle Fusion Cloud Procurement Comparisons

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Feature Ratings

Contract Approval

E-Signature

Obligation Management

Reporting Analytics

Contract Authoring

Searchable Repository

Workflow

OCR Support

Integration

Clause Management

Redlining

Vendor Capability Ratings

Ease of IT Administration

Vendor Support

Usability and Intuitiveness

Quality of Features

Ease of Customization

Product Strategy and Rate of Improvement

Business Value Created

Breadth of Features

Ease of Implementation

Availability and Quality of Training

Ease of Data Integration