Oracle Transforms B2B Commerce to Reduce Cost of Doing Business

Oracle has launched new services to integrate and automate end-to-end business-to-business (B2B) transactions to enable organizations to reduce the cost of doing business, improve customer experience, and introduce new offerings. The new Oracle B2B Commerce connects more than 40,000 buyers, sellers, and service providers through Oracle Cloud ERP

For instance, Oracle B2B Commerce will provide integration with JP Morgan’s payments business for integrated banking and JP Morgan travel card and expenses services as well as a planned logistics services integration as part of the FedEx Compatible program.

With Oracle B2B Commerce’s integration with JP Morgan Payments and FedEx, customers will be able to automate purchasing, selling, financing, shipping, billing, and payments to reduce the cost of doing business.

Direct integration with JP Morgan payments will enable Oracle Cloud ERP mutual customers to benefit from:

• Deliver turnkey connectivity and integration with JP Morgan payments that help significantly reduce payment set-up, configuration, and technical complexity. Customers will be able to integrate parts of the JP Morgan payments offerings and can operate in Cloud ERP within hours and eliminate weeks of technical integration work during implementation.
• Improve employee experience and reduce reimbursement cycle through a new touchless mobile experience. Authorization data will be sent in near real-time when a mutual customer’s linked JP Morgan corporate card is charged, so that business expenses get recorded, itemized, and audited automatically. This eliminates tedious expense report filing, streamlines approvals, and helps accelerate reimbursement.