Oracle Procurement and Spend Analytics optimises an organisation’s supply-side performance by integrating data from across the enterprise value chain and enabling executives, managers, and frontline employees to make more informed and actionable decisions. Organisations using Oracle Procurement and Spend Analytics benefit from increased visibility into corporate expenditures and a complete view of the procure-to-pay process—including comprehensive analyses of procurement, supplier performance, supplier payables, and employee expenses. With 9 Oracle White Paper—An Overview of Oracle Business Intelligence Whitepapers complete, end-to-end insight into spend patterns and supplier performance, organisations can significantly reduce costs, enhance profitability, increase customer satisfaction, and gain competitive advantage.
The solution allows companies to more effectively manage their expenditures and improve business performance by
Providing timely direct and indirect spending data to all departments
Reducing data collection time with source-specific adapters that extract and transform data from disparate enterprise systems—both Oracle and non-Oracle-based—so managers can spend more time on higher value activities such as analysis
Analysing detailed, transaction-level data to understand the factors driving supplier performance and procurement costs
Identifying cost savings across business units, geographic locations, products, and procurement organisations
Improving performance by identifying suppliers that price inconsistently or do not adhere to price schedules