Oracle Teams with Wells Fargo To Offer E-Payment Option

Compiled ByDoug Bartholomew Manufacturers that use Oracle Corp.'s Procure-to-Pay in 30 Days software package will be able to automate indirect purchasing and pay suppliers online through an electronic payment service from Wells Fargo and Co. Buyers can schedule automatic payments to trading partners and receive back statements to automatically reconcile their accounts. Oracle's Procure-to-Pay in 30 Days package covers the full range of purchasing activities, including pre-negotiated supplier contracts with professionally managed catalogs, requisitioning, purchasing, invoicing, receiving payments, electronic banking, automatic cash reconciliation and reporting. San Francisco-based Wells Fargo has more than 30,000 middle-market and corporate business customers, including 30% of the nation's top 500 corporations. Oracle, headquartered in Redwood Shores, Calif., is a leader not only in the database market, but also in enterprise resource planning and e-commerce software.