Streamline Procure-to-pay Processes Co-Books Procure-to-Pay is an integrated solution that links purchasing and payables to maximize return on invested capital. With Co-Books Procure-to-Pay companies can reduce cost to improve margin, streamline procure-to-pay processes to improve working capital, and drive compliance to optimize asset usage. Oracle Payables improves margins, instills corporate and fiscal discipline, and optimizes business relationships.
Automate invoice processing using a variety of tools including Electronic Data Interchange (EDI), XML messages, Evaluated Receipt Settlement (ERS) and business-to-business e-commerce. Eliminate paper with Transcepta's unique electronic invoicing solution that works seamlessly with Oracle solutions. Control cash flow, minimize errors, and eliminate inefficiencies by using specialized payment tools.
Enforce business rules to lower exposure to fraud, error, and unauthorized payments. Automate the routing and approval of invoices according to the unique requirements of your business. Leverage joint controls with other E-Business products such as Oracle Purchasing and Oracle General Ledger.
Oracle Payables works with iSupplier Portal to help suppliers enter and check the status of their own invoices. Employees also benefit from Oracle Payables when it is used with Oracle Internet Expenses to provide employees with multiple ways to submit expense reports.
International business requirements including foreign-currency transactions, global tax regimes, and future dated payments can be easily managed. To meet country-specific statutory requirements, Oracle Payables supports automated calculation and accounting of partially recoverable and non-recoverable value-added tax, sales and use tax, withholding tax, and regional and local taxes. Instill Corporate and Fiscal Discipline
Oracle Payments centralized payment processing capabilities across multiple organizations, currencies and regions delivers greater efficiency and offers real-time visibility into cash inflows and outflows leading to better working capital management.
Oracle Payments serves as a payment data repository which securely stores all payment information and instruments.
Oracle Payments offers end-to-end electronic payment processing that includes validation, aggregation, formatting and secure transmission of payments to financial institutions and payment systems.
Oracle Payments can be flexibly configured to support a variety of payment models. It can work in a completely decentralized mode where it is part of accounts payable or collection administration within each business unit. Alternatively, Oracle Payments can be configured to efficiently support the shared service center model.