ERP procurement applications are typically structured with the expectation that a company will buy most products more than once. Yet this out-of-the-box functionality does not meet the unique needs of many engineering, procurement, and construction (EPC) organizations. These organizations’ purchasing process is a complex discipline spanning many interrelated activities, including extensive documentation and multiple approvals. Third-party solutions, if not integrated effectively, will cause payment delays, make it impossible to take advantage of discounts for early payments, or to change the final purchase price due to late payments. In addition, customers frequently share concerns about the quality of the products and services, safety and liability issues, and the impracticality of manual approval processes.

Hitachi Procurement Solution for Oracle Cloud enhances your procurement suite by supplementing purchase order and invoice structures in the Oracle Cloud. This powerful platform as a service (PaaS) extends support for key features required by the EPC industry, such as custom deliverables and milestone, rate-based, or lump-sum billing.