enrich IT and Oracle Combine Forces to Deliver a Subscription-Based Procurement Platform Solution

ATLANTA--(BUSINESS WIRE)--enrich IT is leveraging its long standing expertise in Oracle and its procurement software products into a solution geared to improve competitiveness for mid to large companies through cost transformation. The new solution provides a cost effective answer for companies that want to reduce costs, improve efficiencies and maximize compliance without any upfront capital expenditure.

“To further enhance our solution, we have partnered with American Express to expedite payments and improve cash flow and with a risk management leader to help our clients reduce their risk in managing their suppliers”

This innovative solution offers companies the ability to manage procurement more efficiently and cost effectively. It is a fully integrated source to pay solution built and deployed on Oracle’s advanced procurement latest version (R12.1). “Our integrated source to pay solution provides spend classification, spend analysis, sourcing, contract management and procure to pay. Its rapid deployment approach enables us to implement a complete source to pay solution within a range of 30 to 90 days and allows our clients to begin their business transformation and savings right away,” stated Arul Murugan, president and chief executive officer of enrich IT.

The solution is delivered on a 3rd generation Platform BPO. New customers will leverage the investments in implementation, process refinement, and technology that enrich IT has made over the past several years. enrich IT offers a Pay-as-you-use model that provides clients with the software license, technology hosting, application management and business process support all pre-packaged as a comprehensive service for one fixed monthly price. The solution is easy to deploy and allows customers to reap benefits from the first day of implementation.

“To further enhance our solution, we have partnered with American Express to expedite payments and improve cash flow and with a risk management leader to help our clients reduce their risk in managing their suppliers,” said Murugan.

“We chose to partner with enrich IT as our Procurement BPO provider because of their extensive procurement and supply chain domain expertise combined with their many years of Oracle applications consulting experience. At Oracle, we strive to provide our customers with a complete, open and integrated business solution. enrich IT helps us achieve this goal for customers looking to modernize their procurement functions. Oracle’s product development team will continue to work with enrich IT and its customers to enhance our procurement products in order to deliver the best, most innovative solutions available,” commented Tibor Beles, vice president - BPO, Oracle Corporation.

enrich IT is an IT services company that creates value to their clients by extending Oracle solutions. enrich IT expertise is in Oracle EBS, BI, procurement and supply chain management. The company offers the most comprehensive end-to-end integrated source to pay solution for procurement of goods and services through the Oracle advanced procurement technology platform. It is headquartered in Alpharetta, Georgia and has development centers in Chennai and Hyderabad, India. enrich IT has been named an Inc. 500 Company (Overall #67, Top 5 in IT, Top 10 Minority owned business), Ranked #13 in Deloitte Technology Fast 500 as well as received the Pacesetter Award for fastest growing 50 private Companies in Georgia by the Atlanta Business Chronicle. More information about enrich IT can be found at www.enrichIT.com.