BirchStreet vs Oracle Procurement Cloud

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Our analysts compared BirchStreet 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.

Product Basics

BirchStreet is a cloud-based P2P platform that uses diverse tools to improve and streamline business operations. It helps transform, optimize and digitize the shipping scene by granting maximum visibility and compiling customizable reports to streamline workflows. It is also a one-stop solution to order, track, manage and receive items while obtaining real-time alerts.
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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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$142 Monthly
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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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Product Insights

  • Effective Budget Management: Birchstreet received a 100 SelectHub analyst rating for its budget management module. It lets you create budgets, import and export information, set purchase order limits, assign budgets to specific time periods, and reserve funds for taxes, charges and discounts on requisitions. The checkbook drill-down tool provides an overview of transactions affecting departmental or GL account budgets. You can also manually edit budgets and approval workflows and track spending by department or time period.
  • Streamlined Reporting: The platform got full marks (100) for its reporting and dashboard tools from our analysts. You get every key reporting feature out of the box, including report templates, custom filters, automated report scheduling and multi-level report access permissions. It offers pre-built dashboards on spend visibility and compliance and report templates on inventory, purchase orders, closing variance, item costs and more.
  • Efficient Requisition Management: Another strong feature is the platform’s requisitioning toolkit, which offers 88% of all key features ready to use out of the box. You can set approval workflows, evaluate bids using filters, create RFQs, convert purchase requests into orders and replicate previously ordered items. The platform automates approval reminders and calculates tax and freight charges for specific line items in purchase orders (PO) or invoice slips.
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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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  • Procurement: You can generate purchase requisitions and orders and receive real-time tracking information. Electronically send RFQs directly to suppliers and access their up-to-date product catalogs with real-time pricing. Create custom approval workflows to adhere to your purchasing policies. Build custom order guides containing frequently purchased items and use analytics tools to gain insights into your spending patterns.
  • AP Auto-Matching: The three-way auto-matching feature compares invoices with purchase orders and receiving reports to ensure accuracy and streamline reconciliation. Gain complete visibility of payment status throughout the procure-to-pay cycle. You can ensure international tax compliance with a built-in tax calculator or manually enter invoice details to meet unique business needs.
  • Invoice Management: Allow suppliers to send PDFs directly and enable the vendors' data-entry team to accurately record invoice details. Manage multiple invoice types, including PO, non-PO and credit memos. The platform can identify exceptions that help minimize delays and frustrations. Additionally, it automatically codes non-PO invoices based on your rules.
  • Inventory Management: Set strategic inventory automation like implementing a just-in-time approach or hedging against potential supply chain disruptions. Use line-on-the-bottle technology to scan outlet inventory. The real-time variance reporting identifies discrepancies and suggests actions to minimize risks. Maintain accurate valuations using an automated system that updates inventory prices in real time based on received data. The platform automatically decrements outlet stock based on POS sales, ensuring inventory levels always reflect actual demand.
  • Recipe Management: Gain accurate food cost visibility to make informed decisions about menu offerings and pricing strategies. You can create recipe cards with ingredients, quantities, step-by-step instructions, images and videos to maintain recipe consistency across locations. Identify areas prone to shrinkage by integrating with POS systems and enabling "Recipe to Requisition to Inventory" functionalities. This closed-loop approach provides a holistic view of food usage, helping pinpoint and minimize waste.
  • Birchstreet Pay: Electronically send supplier payments using a native payment processor with competitive processing rates. The vendor offers a dedicated team to help suppliers transition to virtual cards, offering potential cash-back opportunities.
  • Operational Insights: Track key performance indicators for purchase orders and invoices and benchmark them against industry averages to identify areas for improvement. You can analyze confirming and late PO rates, non-PO invoice rates, and straight-through invoice processing. View a breakdown of invoices by origin, including IMS, OCR, EDI and manual entry. Monitor EDI invoice error rates to ensure smooth data flow.
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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

#36

among all
Procurement Software

#62

among all
Procurement Software

Find out who the leaders are

Analyst Rating Summary

72
90
100
100
31
98
100
100
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Budget Management
Dashboard and Reporting
Requisitions
Budget Management
Dashboard and Reporting
Native Integration and Extensibility
Platform Capabilities
Platform Security

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

BirchStreet
Oracle Procurement Cloud
+ Add Product + Add Product
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 31 100 82 37 60 71 70 75 74 88 64 79 68 100 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

33%
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83%
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User Sentiment Summary

Great User Sentiment 18 reviews
Great User Sentiment 5 reviews
85%
of users recommend this product

BirchStreet has a 'great' User Satisfaction Rating of 85% when considering 18 user reviews from 3 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.

5.0 (2)
n/a
n/a
4.2 (5)
4.2 (14)
n/a
4.0 (2)
n/a

Awards

SelectHub research analysts have evaluated BirchStreet and concluded it earns best-in-class honors for Budget Management.

Budget Management Award

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

Streamlined Procurement Processes: BirchStreet automates many procurement tasks, such as purchase order creation and invoice processing, which saves time and reduces errors.
Improved Spend Visibility: The platform provides real-time insights into spending patterns, allowing businesses to track expenses and identify cost-saving opportunities.
Enhanced Compliance: BirchStreet helps organizations enforce purchasing policies and ensure compliance with regulatory requirements.
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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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Reporting limitations: Users express frustration with the limitations of the reporting functionality, finding it difficult to extract specific data or customize reports to meet their needs.
System glitches: Users report encountering occasional system glitches or errors that disrupt their workflow and require troubleshooting.
Complex user interface: Some users find the system's interface to be complex and not very user-friendly, requiring extensive training and experience to navigate efficiently.
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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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Users praise BirchStreet for its user-friendly interface, robust features, and top-notch customer support. One user raved that BirchStreet is "the best procurement software I've ever used," while another shared that it "saved me hours of time each week." BirchStreet's ease of use is a major selling point, allowing users to quickly adapt to the platform and maximize their efficiency. Users also highlight the software's comprehensive functionality, enabling them to manage purchase orders, track shipments, and cultivate strong supplier relationships, all within a single, centralized system. This streamlines operations and reduces the need for multiple, disparate tools. While specific comparisons to competitors are limited in available reviews, BirchStreet's strengths lie in its user-centric design and comprehensive feature set, making it a compelling choice for businesses seeking a powerful yet intuitive procurement solution. BirchStreet seems to be a great fit for businesses of all sizes looking to streamline their procurement processes and boost efficiency. Its intuitive design makes it accessible to users with varying levels of technical expertise, while its powerful features cater to the complex needs of larger organizations. If you're searching for a procurement software that can simplify your operations and save you valuable time, BirchStreet might just be the ticket. However, remember that software is constantly evolving, so it's always a good idea to check the latest reviews and updates before making a decision.

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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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Top Alternatives in Procurement Software


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