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Embedded AI and analytics insights position Oracle Fusion Cloud Procurement as the standard for SaaS source-to-pay solutions
AUSTIN, Texas, March 27, 2025 /PRNewswire/ -- Oracle has been named a Leader in the 2025 Gartner® Magic Quadrant™ for Source-to-Pay Suites for Oracle Fusion Cloud Procurement. Oracle was recognized based on its Ability to Execute and Completeness of Vision. A copy of the report is available here.
"Fast changing market conditions and regulatory requirements are making it difficult for procurement teams to manage supply, control spend, and ensure compliance," said Tom Anthony, vice president, procurement and sustainability product strategy, Oracle. "Oracle Fusion Cloud Procurement provides a robust, feature-rich solution that enables organizations to improve operational efficiency, reduce costs, and mitigate risk by automating procure-to-pay, strategic sourcing, and supplier management processes. We believe our recognition as a Leader in this report reflects our strong product capabilities, commitment to innovation, and, most importantly, the success of our customers."
Part of Oracle Fusion Cloud Applications Suite, Oracle Procurement helps organizations reduce risk, improve savings, and increase profitability by providing integrated source-to-settle capabilities with embedded AI that automate finance and supply chain processes, enable strategic sourcing, improve supplier management, and simplify buying. With Oracle Procurement organizations can:
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Increase agility with supplier qualification management: Dynamic supplier management and performance tools help procurement teams streamline supplier collaboration with a self-service portal to manage activities, and embedded AI to assist with onboarding, registration, and negotiations. These capabilities also help procurement teams optimize supplier performance and reduce risk by increasing visibility and enabling regular supply chain monitoring.
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Deliver greater value through strategic sourcing: Advanced analytics help procurement teams reduce costs and increase value by identifying opportunities to manage the supply base more effectively. In addition, embedded generative AI capabilities help procurement teams optimize sourcing productivity by providing supplier recommendations and summaries that enable negotiations to be initiated faster.
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Manage supplier contract lifecycle and compliance: Contract authoring tools help procurement teams accelerate contract creation with guided authoring, and pre-approved templates and legal clauses. With generative AI, procurement teams can extract key terms from contract documents and compare them with policies to help reduce risk and facilitate life-cycle management. Additionally, teams can draft, negotiate, and amend contracts with minimal legal involvement, and improve compliance with corporate policies and legal standards.
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Simplify purchasing and manage spend: Self-service capabilities help procurement teams simplify the purchasing experience with a consumer-like, guided experience and intuitive search that surfaces goods and services at pre-negotiated prices. These capabilities also help procurement teams improve spend compliance by directing purchases to approved suppliers, and leveraging embedded AI to assist with purchase order creation and invoice processing.