Cloud Service Application

A key component of Service Procurement enables you to streamline and automate the Procurement process for services such as repair and maintenance, hiring contingent workers, managing professional services, Complex Contract service.

• • Streamline Service Procurement Process
• • Enforce Service procurement policies
• • Create Work Confirmation from approved Purchase Service without any manual intervention.
• • Leverage Approved Process from concerned Managers.
• • Enforce Recoupment, Retention and Charges from supplier payment
• • Efficiently manage Payment process based on the percentage of completion.
• • Completed Integration with Oracle Cloud Procurement and Payable Modules
• • Automatically Complete Retention Process after Complete Work Confirmation
• • Milestone based (progress payment)

Dart Cloud Service Procurement allows you to complete control and oversight for services spending. It is a key component of Procurement Process for each entity. Cloud Services Procurement automates and streamlines the process of Work Confirmation, Retention, Certification, and handling payments for services such as repair and maintenance, hiring contingent workers, managing professional services, and Complex Contract service. End-to-end services procurement processes are automated; these processes integrate with Oracle Cloud Procurement and Payable applications to provide complete and comprehensive procure to pay cycles.

• • Create work confirmation
• • Work confirmation approval process
• • Generate Certificates
• • Generate Prepayment Invoice
• • Generate Retention invoice
• • Apply Deduction and recoupment
• • Monitor the work confirmation status
• • Fully integrated with oracle cloud purchasing
• • Fully integrated with oracle cloud payable

Dart Cloud Services Procurement ensures that adequate spending checks are in place. Approval rules are configurable, typically requiring approval from the employee’s management and possibly other groups as appropriate. Work confirmation request can be placed against open service Purchase Order that links with projects and their budgets. The approval process allows to control the spending of payment against to approved work confirmation by complete the whole Process.

Dart Cloud Service Procurement allows to monitor and control the lead time for sub-contract Process that takes long time to complete all negotiated operations which is related to specific projects. It enables to apply charges or deduct from approved work confirmation based on the agreed penalties related to lead time and the percentage of the completion. When complete the work confirmation process, cloud service procurement will creates the relevant receipt to apply the appropriate matching way with invoice and payment.