23 September 2004 | Sam Fortescue
Software giant Oracle is rolling out two applications designed to tackle contracts and services in procurement, joining the other products in the Advanced Procurement software suite.
The first is Oracle Services Procurement, which provides purchasers with a tool specifically designed for buying services.
Traditionally, e-procurement has focused on visible core products, said Andrew Douglas, Oracle's UK head of procurement.
The software provides the flexibility to buy services easily.
"This new software enables purchasing people to get to work with the departments they find more difficult, such as marketing, legal and human resources," said Douglas.
The second system, Oracle Procurement Contracts, builds on an existing module in the Advanced Procurement suite by allowing firms and their suppliers to draw up contracts together.
Douglas said that smaller firms would benefit from the template option to draw up joint contracts. Larger companies with their own legal teams will be able to use the software to keep all of their supplier contracts in one place and exchange them easily with partners.
Another feature flags up milestone activities in the life of the contract, bringing them to the attention of the purchasing team.