| Product | Market Share (%) |
|---|---|
| ConvergePoint Contract Management Software | 0.9% |
| Oracle E-Business Suite Procurement Contracts | 0.9% |
| Other | 98.2% |
Oracle Procurement Contracts is the enterprise application that creates and enforces better purchasing contracts. It is a key component of Oracle Advanced Procurement, the integrated suite that dramatically cuts all supply management costs. Despite the importance of contracts governing supplier relationships and the huge sums of money involved, the process of managing contracts is error-prone and lacks meaningful controls. Unfortunately, without proper oversight, contract negotiations can be lengthy and unpredictable and the resulting contracts can expose an organization to risk.
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