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Leveraging iProcurement to Increase Cash Flow

Leveraging iProcurement to Increase Cash Flow. Derk Weinheimer Deloitte & Touche LLP March 21, 2003. Agenda. The Idea The Benefits How to Do It Legal Considerations Questions. The Idea. Extend Oracle iProcurement to member or partner organizations

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Leveraging iProcurement to Increase Cash Flow

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  1. Leveraging iProcurement to Increase Cash Flow Derk Weinheimer Deloitte & Touche LLP March 21, 2003

  2. Agenda • The Idea • The Benefits • How to Do It • Legal Considerations • Questions

  3. The Idea • Extend Oracle iProcurement to member or partner organizations • Oracle iProcurement is web-based - anyone can access it without additional software needed • Minimal additional setup required

  4. The Benefits • Additional source of revenue for your organization • Pass along savings to member/partner organizations • Combined spend can increase buying power and leverage greater discounts

  5. How to Do It • Create a separate Set of Books • Create one Operating Unit • Unlimited approval authority • Restrict requisition view by Group or Requester

  6. How to Do It - Continued • Use P-Cards • Load item catalog – associate with contract PO’s • Set “Create_Distributions_Flag” to “N” (at Responsibility level) • PO Line default = 2-way match and set Invoice Close Tolerance to 100%

  7. How to Do It - Continued

  8. Legal Considerations • Review Justice Department’s rules on acceptable vs. unacceptable consortium buying to stay within the “antitrust safety zone.”

  9. Questions? Email: dweinheimer@deloitte.com

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