Very Urgent Required Role::Oracle P2P Functional Consultant (Location::Washington, DC) Quick Overview

Oracle P2P Functional Consultant

An Oracle P2P (Procure-to-Pay) Functional Consultant is a professional who specializes in implementing and configuring Oracle’s Procure-to-Pay applications, which are part of the Oracle E-Business Suite or Oracle Cloud suite of enterprise resource planning (ERP) software. The Procure-to-Pay process involves the entire cycle of procurement, from requisitioning goods or services to making payments to suppliers. Oracle’s P2P applications automate and streamline this process, helping organizations manage their procurement and payment functions efficiently.

Here are the key responsibilities and functions typically associated with an Oracle P2P Functional Consultant:

1. Requirement Analysis: Collaborate with business stakeholders to understand their procurement and payment requirements, including procurement policies, supplier relationships, and payment processes.
2. Solution Design: Design Oracle Procure-to-Pay solutions that align with the organization’s specific needs. This involves configuring Oracle applications to support procurement workflows, supplier management, and payment processing.
3. Configuration: Configure and customize Oracle P2P modules, such as Purchasing, iProcurement, Sourcing, Procurement Contracts, Payables, and Payments, to meet the organization’s requirements.
4. Supplier Management: Implement supplier onboarding processes, supplier performance monitoring, and supplier collaboration features within Oracle P2P applications.
5. Purchase Requisitioning: Oracle P2P Functional Consultants Set up workflows for purchase requisition approval, enabling efficient procurement request processing.
6. Purchase Orders: Configure purchase order generation, approval workflows, and integration with suppliers for efficient order processing.
7. Procurement Contracts: Oracle P2P Functional Consultants Design and implement procurement contract management processes, including contract creation, approval, and compliance monitoring.
8. Invoice Processing: Configure invoice processing workflows, invoice validation, and matching with purchase orders and receipts.
9. Payment Processing: Oracle P2P Functional Consultants Set up payment processes, including payment batch creation, approval workflows, and electronic payments, to ensure timely supplier payments.
10. Supplier Self-Service: Implement self-service portals for suppliers to manage invoices, view purchase orders, and update their information.
11. Integration: Ensure seamless integration of Oracle P2P modules with other Oracle or third-party systems, such as financial systems or supplier catalogs.
12. Testing: Conduct testing, including unit testing, integration testing, and user acceptance testing, to validate that Oracle P2P configurations meet business requirements.
13. Training: Provide training to end-users, procurement teams, and stakeholders to ensure they can effectively use Oracle P2P applications.
14. Support and Maintenance: Offer ongoing support and maintenance for Oracle P2P applications, addressing issues, performing updates, and optimizing configurations.
15. Compliance and Reporting: Oracle P2P Functional Consultants Ensure that procurement and payment processes adhere to regulatory compliance and internal policies. Set up reporting and analytics to track performance and compliance metrics.
16. Continuous Improvement: Collaborate with the organization to identify opportunities for process optimization and enhancements within the Oracle P2P system.

Oracle P2P Functional Consultants play a crucial role in helping organizations streamline their procurement and payment processes, reduce costs, improve supplier relationships, and enhance overall operational efficiency using Oracle’s ERP solutions. They typically possess in-depth knowledge of Oracle’s procurement and finance modules and may hold relevant certifications, such as Oracle Procurement Cloud or Oracle E-Business Suite Procurement certifications.