Mukund Sridharan - Solutions Architect | Cloud ERP Transformations | Designing supply chains of the future Artificial intelligence, Governance and Controls, Oracle AI Agent Studio, Procurement, Supply Chain, technology

Rethinking Procurement Approvals: A Practical Approach to Spend Governance with Oracle Cloud and AI

In the dynamic business landscape, structured procurement approvals are crucial for justifying spending and adhering to governance policies. This blog examines the advantages of using Oracle ERP Cloud and AI technologies to enhance procurement processes. The system supports tailored approval pathways based on factors like requisition value and item category. It further integrates budget controls and maintains audit trails for accountability. AI features enhance decision-making efficiency, automating low-risk approvals while providing governance for complex transactions. This combination of technology fosters an agile procurement approval framework, promoting smarter spend governance and driving strategic value in organizations.