Simplified Contract Management in Oracle Fusion Cloud ERP
April 22, 2024
A Fast, Accurate Way to Manage Hundreds of Contracts
Case Study – Industry
Discover how the More4apps ERP Cloud Toolbox helped a growing defense agency manage contracts more efficiently.
Oracle Fusion Cloud Applications
Learn more about the More4apps ERP Cloud Toolbox
About the Client
Our client is a large publicly traded Canadian engineering, logistics, and energy holding company with subsidiaries including electric utilities, construction companies, and natural gas production and distribution companies.
Uncovering a Lack of Contract Management Tools in Oracle
While planning a migration to Oracle Fusion Cloud, the company realized that Oracle didn’t offer tools to help them manage contracts efficiently.
However, they had too many projects to manage this information manually. Inputting and updating contracts one at a time would hinder critical aspects of their government projects. It would hurt their ability to track funding, billing, and cash flow. A manual process would not only slow them down but would increase the chance of mistakes in the data.
Finding a Contract Solution in the More4apps ERP Cloud Toolbox
The defense contractor needed a quick, error-free way to upload and edit contract data in Oracle Fusion Cloud. Luckily, their implementation consultant introduced them to More4apps. The consultant had previously used our products and knew that More4apps helps companies rapidly and accurately upload data to Oracle.
In this case, our Contracts Integrator within our ERP Cloud Toolbox Projects Module provided the ideal solution.
The Contract Integrator lets users consolidate contract details in a single Excel spreadsheet. They can easily create, update, and submit contracts. Using Excel functionality, team members can manage headers, DFFs, billing controls, approval submissions, parties, party contracts, and more. After inputting contract data, they can quickly validate the field values before securely uploading everything to Oracle.
Efficiencies Gained, Time Saved, and Confidence Restored
More4apps first met the defense contracting company in December 2023 to discuss their needs. At the time, the client was nervous about moving to Oracle Fusion Cloud.
By February 2024, just two months later, the company had implemented the More4apps ERP Cloud Toolbox Projects Module. The success of that project helped restore their confidence. Moreover, the customer is excited about the efficiencies gained in the contracting process and the time saved in updating contracts.
Today, our client uses More4apps for over 350 individual projects and 170 project groups around the US. The software gives them a centralized view of all their contract data. Their teams have pre-upload validation and the flexibility to use additional columns and formulas for efficient error resolution.
Their end users are also empowered to own their data and ensure data integrity.
As a result, the business can make better informed decisions, and inaccurate data no longer causes problems with their billing cash flow.
Resources
Simplified Contract Management in Oracle Fusion Cloud ERP
More4apps ERP Cloud Toolbox vs. Oracle Processes
Oracle FBDI and ADFdi vs. More4apps: Data Loading Alternatives for Fusion Cloud
Visit our website to learn more about our data loading tools for Oracle Fusion Cloud.
Connect with us on our social networks:
