{"id":53337,"date":"2022-12-27T07:28:00","date_gmt":"2022-12-26T23:28:00","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=53337"},"modified":"2022-12-26T13:30:00","modified_gmt":"2022-12-26T05:30:00","slug":"oracle-revolutionizes-b2b-commerce","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2022\/12\/27\/oracle-revolutionizes-b2b-commerce\/","title":{"rendered":"Oracle revolutionizes B2B commerce"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>To help organizations\u00a0reduce\u00a0the\u00a0cost\u00a0of\u00a0doing\u00a0business, improve the customer experience, and introduce new offerings,\u00a0Oracle\u00a0has launched new services that will integrate and automate end-to-end\u00a0business-to-business\u00a0(B2B) transactions. <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new\u00a0Oracle\u00a0B2B\u00a0Commerce\u00a0eliminates the disparate systems, processes, and data integration challenges that make\u00a0B2B\u00a0transactions so complex by directly connecting more than 40,000 buyers, sellers, and service providers via\u00a0Oracle\u00a0Cloud Enterprise Resource Planning (ERP). <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example,\u00a0Oracle\u00a0B2B\u00a0Commerce\u00a0will provide integrations with J.P. Morgan\u2019s Payments\u00a0business, which includes the firm\u2019s treasury services, trade, commercial card and merchant services capabilities, for integrated banking and J.P. Morgan travel card and expenses services as well as a planned logistics services integration as part of the FedEx Compatible program.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cTo complete a deal, trading partners need to work through many manual interactions and each step in the process adds time and inefficiencies, introduces the possibility of human error, and takes buyers and sellers away from more strategic work,\u201d said Rondy Ng, executive vice president of applications development,&nbsp;Oracle. \u201cWith&nbsp;Oracle&nbsp;B2B&nbsp;Commerce\u2019s integrations with J.P. Morgan Payments and FedEx, our customers will be able to automate purchasing, selling, financing, shipping, billing, and payments to&nbsp;reduce&nbsp;the&nbsp;cost&nbsp;of&nbsp;doing&nbsp;business.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Oracle&nbsp;B2B&nbsp;Commerce&nbsp;will combine direct connectivity between&nbsp;Oracle&nbsp;Cloud ERP and service providers ranging from J.P. Morgan Payments and FedEx to other financial services firms, insurance companies, and delivery services with a unified data model and secure workflows to digitize the entire&nbsp;B2B&nbsp;commerce&nbsp;process for mutual customers. By enabling 40,000 businesses to seamlessly transact and share information across all trading parties,&nbsp;Oracle&nbsp;B2B&nbsp;Commerce&nbsp;helps expedite the completion of transactions and improve the customer experience. It also enables organizations to offer new services including new payment solutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A direct integration with J.P. Morgan Payments will enable&nbsp;Oracle&nbsp;Cloud ERP mutual customers to benefit from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Integrated banking services:<\/strong>&nbsp;Deliver turnkey connectivity and integration with J.P. Morgan Payments that helps significantly&nbsp;reduce&nbsp;payment set-up, configuration and technical complexity. Customers will be able to integrate parts of the J.P. Morgan Payments offering and can operate in Cloud ERP within hours and eliminate weeks of technical integration work during implementation. Fully automated end-to-end payment processing maximizes efficiency in funds capture, cash disbursement, and credit card processing. In addition, real-time cash positions enable timely, predictive cash forecasting.<\/li>\n\n\n\n<li><strong>Integrated J.P. Morgan travel card and expenses:<\/strong>&nbsp;Improve employee experience and&nbsp;reduce&nbsp;reimbursement cycle through a new touchless mobile experience. When a mutual customer\u2019s linked J.P. Morgan corporate card is charged, authorization data will be sent in near real-time so that&nbsp;business&nbsp;expenses get recorded, itemized, and audited automatically. This eliminates tedious expense report filing, streamlines approvals, and helps accelerate reimbursement.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Hubert J.P. Jolly, managing director, J.P. Morgan Payments, said, \u201cOur goal is to provide cutting-edge payments solutions that transform the financial services ecosystem. This requires us to be where our customers are&nbsp;doing&nbsp;business. We are delighted to work with&nbsp;Oracle, allowing its customers to gain seamless access to J.P. Morgan Payments\u2019 offering, including improved cash flow insights and helping to accelerate&nbsp;business&nbsp;transactions.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A planned FedEx Compatible program solution will enable&nbsp;Oracle&nbsp;Cloud ERP customers to benefit from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Integrated Logistics Services:<\/strong>&nbsp;Eliminate custom integrations and provide native on-boarding, real-time rate quoting, shipping, and tracking capabilities.&nbsp;Oracle&nbsp;further plans to deliver advanced capabilities to help optimize logistics operations in order to&nbsp;reduce&nbsp;delivery costs and improve performance.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Organizations of all sizes rely on&nbsp;Oracle&nbsp;Cloud Applications to run their most important&nbsp;business&nbsp;operations. Built and run-on&nbsp;Oracle&nbsp;Cloud Infrastructure,&nbsp;Oracle&nbsp;Fusion Cloud Applications Suite,&nbsp;Oracle&nbsp;NetSuite, and&nbsp;Oracle\u2019s portfolio of industry-specific applications deliver the scalability, security, and performance today\u2019s businesses demand.&nbsp;Oracle\u2019s self-updating platform provides customers with the industry\u2019s most advanced technologies every quarter, giving organizations the ability to build, innovate, automate, adapt, and leverage new&nbsp;business&nbsp;opportunities on-demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new\u00a0Oracle\u00a0B2B\u00a0Commerce\u00a0eliminates the disparate systems, processes, and data integration challenges that make\u00a0B2B\u00a0transactions so complex by directly connecting more than 40,000 buyers, sellers, and service providers via\u00a0Oracle\u00a0Cloud Enterprise Resource Planning (ERP). <\/p>\n","protected":false},"author":6,"featured_media":46350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[290,96,2727,1656],"class_list":["post-53337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-oracle","tag-technology","tag-technology-adaption","tag-technology-investment"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/53337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=53337"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/53337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/46350"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=53337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=53337"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=53337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}