Oracle Financials Cloud: Modern Finance 1 | Page 6

Simplify

Simplify | 3
Supplier invoice entry should be completely touchless.
You can scan invoices with intelligent document recognition,
which are then completed, matched, approved, paid, and
posted to the general ledger without any user intervention.
This allows you to:
• R
 educe

transaction processing costs and data entry errors by
eliminating paper

• S
 ave

money by taking advantage of early pay discounts and
avoiding penalties

• E
 liminate

the need for costly third-party solutions that require
custom integration

• E
 xpedite

invoice approvals and audits by being able to access
the invoice image throughout the invoice’s lifecycle

• M
 aximize

productivity with an automated workflow

“

With Oracle, we process
600,000 monthly commission payments 5x faster,
increased our capacity
to innovate by 50% and
reduced system management costs by 29%.

— ANDREW MCGEE

”

IT Manager, Australian Finance Group Ltd.