Oracle ERP Updates 25B: Procurement
Medium Impact
Feature Enablement
Redwood Features
Generative AI
25B Update Features Covered:
- Redwood Experience
- Generative AI
- Extract Key Terms from Contract Documents Using Generative AI
- Spend Classification
- Summarize Negotiation Approval Attachments with Generative AI
1. Redwood Experience
Redwood styling has been applied to numerous procurement features. The following have been updated:
- Manage Collaboration Message Definitions Using a Redwood Page
- Manage Configured Items and View Their Structures
- Use Redwood-Style Approval Notifications for External Purchase Prices
- Create Purchase Order Changes as a Buyer
- Execute Actions on Multiple Purchase Orders or Schedules at Once
- Navigate to Related Documents When Viewing Purchase Orders
- Navigate to Tasks and View Key Performance Indicators Using the Purchasing Landing Page
- Perform Actions While Viewing Purchase Orders
- Review Purchase Order Processing Errors and Other Exceptions
- Search and Process Requisition Lines Using a Redwood Page
- Search, Filter, and Review Purchase Orders Using Additional Attributes
- Use and Configure Redwood-Style Purchase Agreement Approval and FYI Notifications
- View Additional Details When Viewing the Purchase Order Life Cycle
- View Purchase Orders for Dual UOM-Controlled Items
- Create Alternate Lines in Supplier Portal
- Download Contract Terms in Supplier Portal
- Monitor Negotiation in Supplier Portal
- Respond by Spreadsheet in Supplier Portal
- Respond to a large number of Requirements in Supplier Portal
- Review New Round Changes in Supplier Portal
- Use Guided Journey on Abstract Listing Page
- Use an Enhanced Supplier Redwood Experience
- View Response History in Supplier Portal
- Use and Configure Redwood-Style Internal Supplier Registration FYI Notifications
- Use New Supplier Experience for Supplier Qualification Management
2. Generative AI
Generative AI is helping to cut down on document review time and invoice classifications. Key terms in contract documents can be highlighted by Gen AI, negotiation approval documents can have their attachments summarized, invoices that are not covered by invoice classification rules can be automatically classified, and hidden patterns in activity data and Payables invoice data can be discovered to suggest invoice classification rules.
3. Extract Key Terms from Contract Documents Using Generative AI
Quick Notes:
Generative AI will now extract information such as payment terms, renewal dates, jurisdictions, and penalties for early termination from contracts. Administrators can set up prompts that Generative AI uses to extract the key terms. Each prompt can be assigned as active or inactive for a document.
4. Spend Classification
Quick Notes:
The spend classification process will now utilize generative AI to classify all business transactions. Review and revise the results if required to use the combined capabilities of generative AI and supervised learning.
Generative AI will also suggest business rules to assign revised categories for spend data. You can also use your trained data to allow AI to identify and extract patterns that can be converted to suggestions for new rules. Review and activate the AI suggested rules to improve your classification results.
5. Summarize Negotiation Approval Attachments with Generative AI
Quick Notes:
Generative AI analyzes the supporting document content of negotiations for approvals to create a summary and extract key information. Negotiation approves can review the autogenerated attachment summaries on the approval notification.
