Basware vs Oracle Procurement Cloud

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Our analysts compared Basware vs Oracle Procurement Cloud based on data from our 400+ point analysis of Procurement Software, user reviews and our own crowdsourced data from our free software selection platform.

Basware Software Tool

Product Basics

Basware offers networked source-to-pay tools, e-invoicing, analytics and value added services. It facilitates automated operations and management, spend and supply chain visibility, supplier management, early payment discounts and more. It helps reduce paperwork, save time and effort spent in manual work, boosts working capital and enhances business ROI. It serves B2B companies of all sizes and industries.
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Oracle Procurement Cloud is a cloud-based platform designed to automate and streamline the entire procurement process, from sourcing and requisitioning to contract management and payment. It offers features like spend analysis, supplier management, e-invoicing, and workflow automation, which are beneficial for businesses of all sizes. Popular features include its intuitive user interface, robust reporting capabilities, and integration with other Oracle Cloud applications. Users praise its ability to improve procurement efficiency, reduce costs, and increase visibility into spending. While pricing varies depending on specific needs, it typically falls within the range of $50-$100 per user per month, with annual subscriptions available. Compared to other solutions, Oracle Procurement Cloud offers a comprehensive suite of features and is well-suited for larger businesses seeking to optimize their procurement operations.

Pros
  • Streamlines procurement process
  • Improves visibility into spending
  • Reduces costs
  • Intuitive user interface
  • Robust reporting capabilities
Cons
  • Complex setup and configuration
  • Limited customization options
  • Steep learning curve
  • High cost of ownership
  • Limited integration with other systems
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$15,000/Invoice Transaction, Annually
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Tailored to your specific needs
$400/User, Monthly, Quote-based
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Tailored to your specific needs
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Product Assistance

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Knowledge Base
24/7 Live Support
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Product Insights

  • Eliminates Paperwork: Reduces paperwork by digitizing all operations starting from point of order placement to payment. 
  • Increases Visibility: Offers complete visibility for spend, suppliers, buyers and the supply chain. 
  • Saves Time and Effort: Streamline work using AI and machine learning, which help automate manual tasks such as invoicing, account payable management and other day-to-day tasks. 
  • Boosts Working Capital and Cash Flow Visibility: Improves the flow of payments through early payment discounts offered to suppliers for releasing payments quickly. Adoption of e-invoices improves cash flow visibility. 
  • Strengthens Supplier Relationships: Offers tools for supplier registration, pre-approved workflows and questionnaires to evaluate supplier performance management and help improve relationships with suppliers. 
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  • Increased Efficiency and Productivity: Automate manual tasks, streamline workflows, and eliminate errors, freeing up valuable time and resources.
  • Improved Visibility and Control: Gain real-time insights into spending, inventory, and supplier performance, allowing for better decision-making and proactive risk management.
  • Reduced Costs: Optimize procurement processes, negotiate better deals with suppliers, and eliminate waste, leading to significant cost savings.
  • Enhanced Compliance: Ensure adherence to procurement policies and regulations, mitigating compliance risks and potential penalties.
  • Improved Collaboration: Connect buyers, suppliers, and other stakeholders on a single platform, fostering collaboration and communication.
  • Greater Agility and Responsiveness: Adapt quickly to changing market conditions and respond to opportunities with increased flexibility.
  • Improved Decision-Making: Access data-driven insights to support strategic sourcing decisions, enabling informed and optimized procurement strategies.
  • Reduced Risk: Mitigate risks associated with fraud, errors, and compliance issues, improving overall operational resilience.
  • Increased Sustainability: Promote sustainable procurement practices by optimizing resource utilization and reducing environmental impact.
  • Enhanced Supplier Relationships: Build stronger relationships with suppliers through improved communication, collaboration, and transparency.
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  • Procure-to-Pay: Offers automation for several features including point of order, purchasing, receiving and payments, accounting and more. 
    • Analytics: Provides access to spend and helps identify opportunities, optimize cash flow and make strategic, data-driven decisions. 
    • AI and Machine Learning: Replaces manual tasks, captures invoices, performs data extractions, saves time and reduces the probability of errors. 
    • Support Services: A customer care team of dedicated support specialists assists with identifying and resolving issues, as well as modifying business processes. Other features include customer service management that enables continuous improvements in organizational processes and offers several supplier enablement tools. 
    • Source-to-Pay: Supports strategic contract lifecycle management and sourcing to strengthen vendor relationships along with negotiation stages. Also offers electronic purchase requisition procurements, validation of invoice receipts and discount management on early payment. 
  • AP Automation:  
    • Discount Management: Several tools support supplier activation, automation, analytics and dynamic discounting to carry out discount management with ease. 
  • Network:  
    • E-Invoicing for Buyers: Connects users with suppliers to let them share invoices electronically. Receive invoices in any format such as XML, EDI, PDF or paper, which the solution converts to deliver as an electronic invoice. 
    • E-Invoicing for Suppliers: Receive POs and share invoices with buyers electronically. Ensures compliance and global operations. Improves transaction status visibility and timely payment performance. 
    • Network Interoperability: Provides open network interoperability with 220+ e-invoicing network partners globally. Includes country-specific networks as well. 
  • E-Procurement:  
    • Marketplace: Connect with suppliers through punchouts and catalogs to facilitate guided purchasing, e-procurement, price negotiations, supplier collaborations and more. 
    • Strategic Sourcing: Helps conduct and manage electronic auctions, collect, store and evaluate supplier information, manage projects and contracts, and onboard suppliers easily and quickly. 
  • Supplier Management: Enables centralized visibility over supplier information, with automated updating in real time. Includes end-to-end visibility for each supplier’s performance and facilitates timely receipt of payments. 
  • Working Capital: Leverage automated and integrated visibility into spending, a variety of discount programs for receipt of early payments, dynamic discounting and more. 
  • Travel and Expense Management: Submit travel plans for approval before reservations and capture, claim and take actions on submitted expenses and reports at any time via the mobile app. 
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  • Spend Analysis: Analyze historical spending data to identify trends, optimize purchasing decisions, and uncover cost-saving opportunities.
  • Sourcing and Requisitioning: Streamline the sourcing process with e-sourcing tools, manage requisitions efficiently, and automate approvals.
  • Contract Management: Create and manage contracts with suppliers, track performance against agreed terms, and ensure compliance.
  • Purchasing and Ordering: Automate purchase order creation, manage purchase orders efficiently, and track order status and deliveries.
  • Invoice Processing: Automate invoice processing with e-invoicing capabilities, match invoices to purchase orders, and manage exceptions efficiently.
  • Supplier Management: Onboard and manage suppliers, track performance and compliance, and collaborate effectively with key suppliers.
  • Reporting and Analytics: Generate comprehensive reports on spending, supplier performance, and procurement activities, providing valuable insights for data-driven decisions.
  • Workflow Automation: Automate routine tasks and approvals, streamline procurement processes, and reduce manual workload.
  • Integration with other Applications: Integrate with other Oracle Cloud applications like ERP,Financials, and Supply Chain Management for a holistic view of operations.
  • Mobile App: Access procurement data and manage tasks on the go using the mobile app, increasing accessibility and productivity.
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Product Ranking

#6

among all
Procurement Software

#62

among all
Procurement Software

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Analyst Rating Summary

84
90
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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Basware
Oracle Procurement Cloud
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Budget Management Contract Management Dashboard And Reporting Invoice Management Mobile Capabilities Native Integration And Extensibility Platform Capabilities Product Catalog Purchase Orders Management Receiving And Inventory Management Requisitions Sourcing Spend Management Supplier Management 100 98 100 89 40 100 100 100 100 75 97 93 95 88 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

67%
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User Sentiment Summary

Great User Sentiment 289 reviews
Great User Sentiment 5 reviews
85%
of users recommend this product

Basware has a 'great' User Satisfaction Rating of 85% when considering 289 user reviews from 4 recognized software review sites.

84%
of users recommend this product

Oracle Procurement Cloud has a 'great' User Satisfaction Rating of 84% when considering 5 user reviews from 1 recognized software review sites.

4.0 (110)
n/a
3.9 (22)
4.2 (5)
4.5 (139)
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4.0 (18)
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Awards

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SelectHub research analysts have evaluated Oracle Procurement Cloud and concluded it earns best-in-class honors for Budget Management, Contract Management, Native Integration and Extensibility, Product Catalog, Purchase Orders Management and Requisitions.

Budget Management Award
Contract Management Award
Native Integration and Extensibility Award
Product Catalog Award
Purchase Orders Management Award
Requisitions Award

Synopsis of User Ratings and Reviews

Implementation: All reviews on the topic suggest that it’s extremely simple and affordable to implement.
User Interface: The software has a clean, interactive and user-friendly interface, according to 100% of reviews on this aspect.
Easy to Learn: Every reviewer mentioning this aspect agrees that it’s quite easy to learn and adapt to, without any technical training.
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Time savings: Users report significant time savings due to automation of manual tasks and streamlined workflows.
Improved visibility: Users appreciate the real-time insights into spending and supplier performance.
Enhanced collaboration: Many users highlight the benefits of the self-service portal for improving communication with suppliers.
Reduced errors: Automation and process control lead to fewer errors and improved data accuracy.
Scalability: Users value the ability to adapt the platform to their specific needs and grow with their business.
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Program Lags: The software may lag or freeze sometimes while transferring multiple invoices at once, according to all reviews on this aspect.
Support Ticket: Ticket and issue management is slow sometimes, as all reviews on the quality of support suggest.
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Cost: Oracle Procurement Cloud can be expensive, especially for small businesses, due to subscription fees and potential implementation costs.
Complexity: Users report a steep learning curve and the platform requires significant training for full utilization.
Limited customization: Some businesses find the platform's customization options insufficient for their specific needs.
Integration challenges: Integrating Oracle Procurement Cloud with other systems can be complex and require additional resources.
Reporting limitations: Some users find the reporting capabilities not as robust as they need, requiring additional data manipulation.
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Basware is a solution for companies looking for source-to-pay tools, e-invoicing, analytics and value-added services. It is easy to learn, which is a prominent advantage of the suite. Reviews suggest that it is easy and affordable to install as well. However, the program lags sometimes when transfering a lot of invoices at the same time. Support resolution is also slow according to user reviews. Altogether, it’s a fine choice for B2B companies looking for a purchase-to-pay and e-invoicing solution with a user-friendly interface and affordable price.

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Oracle Procurement Cloud receives mixed reviews from users with typical procurement needs. Many users appreciate its ability to automate tasks, improve visibility, and enhance collaboration with suppliers. They report significant time savings and increased efficiencies compared to previous systems. One user states, "It has streamlined our procurement process significantly. We've reduced our purchase order processing time by 50%." Others highlight the platform's real-time insights and supplier portal, commenting, "The data is always up-to-date and readily available, which helps us make better decisions." and "Our suppliers love the self-service portal. It's made communication and collaboration much easier." However, some users find the platform expensive, particularly for small businesses. They also mention a steep learning curve and limited customization options. One user points out, "The subscription fees can be a burden for smaller companies, and the implementation process can be time-consuming and costly." Another user adds, "It took a while for our team to get comfortable with the interface, and we found ourselves wishing for more flexibility in tailoring the platform to our specific needs." When compared to other procurement solutions, users highlight Oracle Procurement Cloud's strengths in automation, collaboration, and data visibility. However, they also acknowledge the platform's complexity and cost, which can be deterrents for some. For example, one user comments, "Oracle Procurement Cloud offers more automation and reporting capabilities than SAP Ariba, but it comes at a higher price point." Another user adds, "Coupa is a more user-friendly option than Oracle Procurement Cloud, but it lacks some of the advanced features." Ultimately, the user reviews reveal that Oracle Procurement Cloud is a powerful tool with the potential to significantly improve procurement processes. However, its complexity and cost may make it a less attractive option for some businesses. Choosing the right platform depends on a careful evaluation of individual needs, budget, and technical expertise.

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Screenshots

Top Alternatives in Procurement Software


Basware P2P

BirchStreet

Coupa Procurement

GEP SMART

Ivalua

JAGGAER ONE

Oracle Procurement Cloud

Precoro

Procurify

Proqura

SAP Spend Management

Synertrade

Tradogram

Workday Spend Management

Zycus

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