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features
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Description

Procurement serves as the main avenue through which organizations engage with their external business counterparts. As both supplier and buyer networks continue to grow in complexity, the technology employed to navigate these networks often relies on outdated applications and processes. While procurement teams excel in negotiating contracts, they frequently face challenges when it comes to their implementation. Traditionally, the functions of legal, procurement, supply chain, and finance have operated in a fragmented manner, optimizing their own internal processes without cohesive integration, which is further complicated by conventional ERP systems that cannot efficiently manage business rules and volume discounts across various divisions, subsidiaries, and partners. This increasing complexity in contract execution requirements leads to significant contract leakage for large organizations, creating a disparity between the savings that are negotiated and those that are ultimately realized. Consequently, organizations must reevaluate their procurement strategies to close this gap and enhance efficiency.

Description

Utilize the Oracle Blockchain Platform Cloud Service to securely share reliable data among various parties. This platform provides pre-built code for executing smart contracts while ensuring a tamper-proof blockchain, leveraging the highly regarded open-source Hyperledger Fabric framework. You can effortlessly adjust resources to accommodate fluctuating demands, allowing for scalable computing power that can be increased or decreased as needed. Customers will only incur charges based on their actual usage. The platform facilitates contributions from multiple participants through the simple-to-configure RAFT consensus method. Additionally, its precise access control features permit management of permissions for each segment of extensive datasets stored in the cloud. This functionality empowers smart contract developers to easily manage identities, groups, and resources. Setting up a permissioned blockchain is straightforward, requiring no coding skills, and eliminates the hassle of manually provisioning hardware, software, managing certificates, or configuring network elements. With this service, businesses can focus on innovation instead of infrastructure management.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Oracle Cloud Infrastructure

Integrations

Oracle Cloud Infrastructure

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

$0.215 per hour
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

EY

Country

United Kingdom

Website

www.ey.com/en_us/blockchain-platforms/contract-manager

Vendor Details

Company Name

Oracle

Founded

1977

Country

United States

Website

www.oracle.com/blockchain/

Product Features

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