Automate invoice processing using a variety of tools including Electronic Data Interchange (EDI), XML messages, Evaluated Receipt Settlement (ERS) & business-to-business e-commerce. Eliminate paper with Transcepta's unique electronic invoicing solution. Control cash flow, minimize errors, and eliminate inefficiencies by using specialized payment tools.
Instill Corporate and Fiscal Discipline
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.
Improve Business Relationships
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.