Fusion P2P – Oracle Fusion Procure to Pay (P2P) Life Cycle with Functional and Technical flow

The Procure to Pay cycle is vital to an organization as in this process the organization buys and received goods or services from its vendors and makes necessary payments.

The key functionalities for different processes of the Procure-to-Pay cycle are:

In-built intelligence with business transactions--Role based dash boards and work area for buyer, approver; presenting the statistical report, trend, spend analysis, personalized search capability

Enhanced sourcing capabilities--Supplier analysis, visibility of supplier lead time and popularity across departments

Supplier self-service-- Single log-on for supplier providing complete visibility to their transactions and full invoicing capability

Standardized processes -- to facilitate shared services model and centralized procurement function

Smart Receipt capabilities-- Automatic receipt application engine, Over/Under payment rules, scored recommendations based on customer, transaction or exceptions, centralized approach for receipt processing, setup rules to match receipt to the specialist for manual intervention and rules to mark the priority of the receipt based on attributes

Payable dashboard--To collaborate with various participants, visibility of priority items and work volume, item tagging option for quick retrieval

Invoice Work Area-- Invoice creation from scanned images, exception resolution, Invoice creation in a format based on real life physical invoice offering easy data entry and audit

Integrated invoice image processing-- Image attached with the invoice throughout invoice life-cycle

Invoice indicators--Out of balance, status and hold, prepayment alert during entry

Voucher matching -- with the receipt and PO in the same window 

Personalized view-- Excel like capability to freeze columns, personalized search, full screen view, export to excel

One of the best characteristics of the Oracle Fusion applications is that these can be fully integrated with traditional Oracle ERP solutions like PeopleSoft, Oracle EBS. So the existing Oracle customers can choose to implement module wise and selective Fusion functions too. 

                                                                   

With the in-built business intelligence capabilities and business benefits of cloud based applications; Oracle Fusion financials and procurement definitely equip the finance and purchasing users to play a bigger role and add value in overall business achievements. 

The P2P cycle comprises of the following steps,

01. Create Requisitions

02. Approve Requisitions

03. Create Purchase Orders

04. Approve Purchase Orders

05. Receive Goods

06. Create Payables invoice with Match PO Lines

07. Approve Invoice

08. Invoice Payment to Supplier with Electronic Method

09. Approve Payments

10. Verify the Transaction Life Cycle

11. Transfer Payables data to General Ledger

12. Transfer Payments data to General Ledger

13. Verify the Journal Batches

14. Verify the Notifications in Mail

Please click on the below link for more details:

Fusion P2P – Oracle Fusion Procure to Pay (P2P) Life Cycle with Functional and Technical flow

https://drive.google.com/file/d/1vSuqDR14664mG29CuuzQWM3W_ggxr0q0

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