Advisory & Consulting

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PR KRISHNA & COMPANY
Excellence with Integrity
PR KRISHNA & COMPANY
Excellence with Integrity
Oracle Service Procurement
Executing complex procurement services such as construction,
maintenance etc. have always been a challenging in Oracle
Purchasing Due to-

- Unable to define Complex Payment terms

- Track Work Progress
- Release/Control Payment as per Work Progress
- Retainage

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Oracle Service Procurement
Oracle Service Procurement takes the management to
these tasks to a new level of transactional excellence
through deeper integration of Purchasing, i-supplier,
sourcing & contracts. It Facilitates to -
- Define Progress Payment Schedule of a Service Contract
comprising work deliverables & Milestones
- Track the progress of work referring the Progress Payment
Schedule
- Define Progress Payment rate i.e. milestone based, rate based
or lump-sum. It helps in tracking the release of payment as per
work progress.
- Release of Advance against Service Contract & recoupment of
same against running bills.
- Retainage Requirement
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Oracle Service Procurement- Process Flow

Request for Service Source Author Contract Track Progress Process Payment

–Define Document Styles

–Author Complex Service Contracts
–Create Complex Service Contract from Requisition
–Define Progress Payment Schedule
–Define Terms for Retainage
–Define Terms for Contract Financing including Advances
–Monitor & Track Contract Status/Progress
–Manage Contract Changes

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Oracle Service Procurement- Requisition

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Oracle Service Procurement- Service
Requisition

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Oracle Service Procurement

PR KRISHNA & COMPANY

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Oracle Service Procurement

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Oracle Service Procurement- Service
Contract Header

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Oracle Service Procurement- Service Contract
Lines

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Oracle Service Procurement- Service Contract
Line Details

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Oracle Service Procurement- Progress Payment
Schedule

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Oracle Service Procurement- Specify
Distributions

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Oracle Service Procurement- Process Flow

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Oracle Service Procurement –Process Flow

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Oracle Service Procurement- Work Confirmation

Once a supplier completes a part of the service/goods ordered through a Complex purchase
order, a Work Confirmation can be created to initiate the release of partial payment.
• The Work Confirmation will go through the approval process; usually it goes to buyer for
approval.
• Finally Work Confirmation gets converted to PO Receipt.

A Work Confirmation can be created using following application:

• Oracle iSupplier Portal: When supplier creates the work confirmation themselves.

• Oracle iProcurement: When the originator/requester of the requisition creates the work
confirmation on behalf of the supplier.

• Oracle Buyer Work Center: When Buyer creates the work confirmation on behalf of the
supplier.

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Oracle Service Procurement- Process
Flow

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Oracle Service Procurement - Integration

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Questions & Answers

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Prakashh Krishna
Solution Architect

Thank You!

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