Power of PAYBOX®
Oracle ERP Vendor Profile Management
Oracle ERP vendor profile management solutions help large organizations minimize the amount of time, effort and resources they devote to managing supplier and vendor data. Suppliers overwhelmingly prefer to manage their own information and profiles using an accessible supplier portal rather than interfacing with a company representative or (worse yet) being forced to complete manual paperwork.
Direct Insite’s Oracle ERP Vendor Profile Management solution enables suppliers to update profiles at their convenience, populating your organization’s system with accurate and up-to-date information. As a result, Oracle users that leverage our vendor profile management technology enjoy improved AP accuracy and efficiency as well as better relationships with their supplier base.
Why You Need an Oracle ERP Vendor Profile Management Solution
Your Oracle ERP system is driven by data. Vendor master records contain many different types of data (e.g. vendor contact information, payment terms, purchase histories, payment methods, etc.), all of which play an important role in your organization’s AP workflows.
Although it’s possible to manage vendor profile data with native Oracle ERP tools, it’s more efficient and cost-effective to leverage a bolt-on financial supply chain automation application that integrates with your Oracle ERP application. Why? Because Oracle ERP vendor profile management solutions allow you to manage complex business rules, external data sources, unstructured data and other requirements that are difficult to handle with the core Oracle ERP system.
Direct Insite’s Oracle ERP Vendor Profile Management solution fully integrates with your existing Oracle system and handles the advanced e-invoicing and vendor profile management tasks that are difficult to achieve with the core Oracle ERP system—tasks that drive efficiency, accuracy and bottom line business outcomes.
Extending the Value of Oracle ERP Vendor Profile Management Solutions
The most effective way to leverage Oracle ERP vendor profile management technology is to incorporate it with other elements to create a fully automated AP ecosystem. Direct Insite’s PAYBOX® solution gives Oracle users a one-stop resource that enables suppliers to register for electronic invoicing, submit invoices online, monitor invoice and payment status, and resolve payment disputes.
Additional components and features of Direct Insite’s PAYBOX® solution include
- Invoice scan and capture
- Dispute management
- Customized approval workflow
- Discount management
- Invoice management and monitoring
- AP reporting and analysis
For organizations interested in flexible, Oracle AP transformation, PAYBOX® can be implemented all at once or via a phased in approach—enabling your enterprise to match Direct Insite’s Oracle ERP Vendor Profile Management solution to other system components at your own pace.
When It’s Time for an Oracle ERP Vendor Profile Management Solution
Ready to get started with Oracle ERP vendor profile management? Direct Insite has the experience and expertise to help Oracle users leverage vendor profile management for AP transformation. Contact us today at 954-510-3750 to learn how our Oracle ERP Vendor Profile Management solution can improve efficiency and supplier satisfaction in your organization.