Think about a business negotiation in everyday life. Let’s say you are planning a wedding and need a photographer. You already know a couple of photographers who have worked with your friends, but you wonder if there are better options? Someone with a different style, better availability or a more competitive package. Searching online, comparing portfolios, and reaching out can take hours.
Now imagine if, with one click, you were instantly shown a shortlist of vetted, reliable photographers who matched your preferences. That’s time saved, better options discovered and confidence in your choice.
This is exactly the kind of productivity boost Oracle is delivering to procurement teams with its new Discover New Suppliers feature, powered by Generative AI, inside the Fusion Cloud.
Negotiations in a Smarter Era
In business, negotiations are at the heart of procurement. Companies often start with their trusted suppliers but there is always the need to explore new partnerships to expand opportunities, drive better deals, and stay competitive.
Oracle Fusion Cloud Procurement has long provided a robust platform for managing negotiations. The new embedded AI feature enhances this journey. Instead of replacing existing capabilities, it builds on them, making the process more productive and intelligent.
How This Works?
Here’s how it works in practice. The journey starts in Oracle’s Purchasing module, where users open Manage Negotiations, select the negotiation they’re working on, and view the list of existing suppliers.
But what if you want to expand the list? Along with the manual search, Oracle now offers an added feature too, a built-in Discover New Suppliers button.
Click it and AI gets to work. Within seconds, you see a curated list of potential suppliers that match your needs.
For example, if you are looking for technology partners, you might see Dell pop up as a recommended supplier. From there, you can jump directly to Dell’s official website to explore products, services, and opportunities, without ever leaving Oracle’s platform.
It’s like having a smart assistant who knows the supplier landscape and brings the right options straight to you.
Instead of spending time finding suppliers, procurement teams can spend their energy on what truly matters – strategizing, evaluating, and building strong supplier relationships.
Procurement teams have always had the tools to manage supplier negotiations effectively. What Generative AI does here is make a good process even better by removing the repetitive, low-value tasks and letting teams focus on high-impact decisions.
Driving Smarter Procurement with built-in Oracle AI and Rapidflow
Negotiations are about choices, timing, and relationships. By embedding Generative AI directly into the procurement process, Oracle empowers businesses to discover more, decide faster, and negotiate smarter. With this feature, procurement teams don’t just save time, they gain productivity, confidence, and a competitive edge.
At Rapidflow, we help organizations unlock the full potential of Oracle’s AI innovations. Whether it’s boosting productivity in procurement, streamlining financial processes, or enabling smarter Planning decisions, our expertise ensures businesses can maximize the benefits of Oracle AI.
