Introduction

It is estimated that accounts payable automation will grow over twelve percent this year. Workflow and BPM solutions are displaying fourteen percent year-over-year growth. However, due to the explosion of options – from invoice imaging, automated data capture, approval workflow, eProcurement, electronic invoice portals, supplier collaboration, PO compliance, discounting and payment – automation decision are becoming extremely complex.

PayStream Advisors, the leading accounts payable research and advisory firm, has developed this Technology Insight report to educate Finance and IT buyers on how to remove the complexities around invoice and AP automation for Oracle ERP solutions.

Methods of Invoicing Received by Organizations Using Oracle: Organizations with Oracle still report heavy paper use

Audience

This report is aimed at finance and IT directors at Oracle ERP enterprises with a desire to understand the competitive advantage of improving their payables department. The objective of every finance department is to present managers with the necessary information to make investment and budget decisions. Inadequate visibility into accruals often leads to a delayed and inaccurate close through the underestimation of expenses and exaggeration of income. This report is aimed at individuals who require product information to identify appropriate solutions for their Purchase-to-Pay (P2P) automation needs.

Objective

This report will identify best-of-breed Oracle-specific solutions that leverage Oracle’s abilities. It will identify what it means to be a “true” Oracle solution that maximizes the client’s ROI. The goal of this report is simple: to deliver awareness into the Oracle P2P solution arena so as to allow a potential buy to differentiate between technologies, automation providers, and the solutions they offer.

Scope

This report will review the leading P2P automation solutions that are tailored for Oracle ERP integration. These companies are well established in invoice automation, working capital and payments. 

Featuring Insights on..

• Market Trends in Oracle Applications Usage
• Benefits of Dynamic Cloud-Based Technology
• Guidelines for Leveraging Third-Party Solutions
• Innovations of Cloud Technology Financial Solution Providers

 

Table Of Contents

---

Executive Summary ........................................................................ 1

The Modern ERP............................................................................. 2

Oracle in the Business World .......................................................... 4

Merging Oracle with the Next Generation........................................ 10

Care and Consistency Build Success.............................................. 13

Selecting a Solution......................................................................... 15

Eliminating Barriers to Change and Innovation ............................... 17

Coupa .............................................................................................. 19

Datamatics....................................................................................... 23

A Datamatics Case Study ............................................................... 27

Readsoft .......................................................................................... 28

A ReadSoft Case Study .................................................................. 33