To: howsmydrivingal who wrote (143 ) 9/19/2001 10:49:38 AM From: howsmydrivingal Read Replies (1) | Respond to of 787 Hopefully this means that INSP just increased it's reach via ORACLE;biz.yahoo.com Wednesday September 19, 9:00 am Eastern Time Press Release SOURCE: Oracle Corporation Oracle Procure-to-Pay in 30 Days and Wells Fargo Payment Services Fully Integrated Wells Fargo Offers Integrated Payment Services for Oracle's Complete Procurement Automation Solution REDWOOD SHORES, Calif., Sept. 19 /PRNewswire/ -- (http://www.oracle.com/tellmemore/?901965 ) Oracle Corp. (Nasdaq: ORCL - news), the largest provider of software for e-business, today announced a partnership with Wells Fargo & Company (NYSE: WFC - news) to offer integrated online payment services with Oracle's Procure-to-Pay in 30 Days. Through the integration, customers leveraging Oracle's Procure-to-Pay in 30 Days offering to automate indirect purchasing can now pay suppliers online and reconcile accounts with electronic payment services from Wells Fargo. With this partnership, Oracle and Wells Fargo raise the bar for e-procurement solutions by automating electronic banking, payments and cash reconciliation. Alternative payment solutions cost more and do not offer detailed matching and automatic cash reconciliation capabilities. According to the terms of the non-exclusive agreement, Wells Fargo will convert and transmit electronic payments and account statements to and from the Procure-to-Pay in 30 Days solution. The integrated offering will enable the buyer to schedule automatic payments to trading partners and receive back statements to automatically reconcile their accounts. Trading partners benefit with efficient electronic payments deposited directly to their accounts. ``As a leading Internet bank, we're pleased to be partnering with an E-Business technology leader such as Oracle to streamline online payment services,'' said Debbie Ball, senior vice president, Wholesale Internet Solutions at Wells Fargo. ``With this offering, Wells Fargo becomes one of the first financial institutions whose electronic payment system will be made available to Oracle's Procure-to-Pay in 30 Days customers. One of the big wins for customers is that Wells Fargo is ready-connected to Oracle's solution, so accessibility and implementation of these services are simple and easy.'' Oracle Procure-to-Pay in 30 Days encompasses 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. Available as a fully hosted solution via Oracle.com, Procure-to-Pay in 30 Days provides a quick and easy starting point to the Oracle E-Business Suite while delivering the global capability and deployment companies need. About Oracle Oracle Corporation provides the software that powers the Internet. For more information about Oracle, please call 650-506-7000. Trademark Oracle is a registered trademark of Oracle Corporation. About Wells Fargo Wells Fargo and Company is a $290 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through 5,400 stores, its Internet site and other distribution channels across North America as well as internationally. With more than 30,000 middle market and corporate business customers, Wells Fargo allows businesses to conduct business electronically among their customers, domestic and foreign trading partners, and financial institutions. Ranked one of the world's leading corporate Internet banks by Global Finance, Wells Fargo has the resources, experience and technology necessary to help businesses succeed, both online and off. Wells Fargo currently conducts business with 30 percent of the Fortune 500 companies, and is a leader in electronic payment processing in the United States. SOURCE: Oracle Corporation Email this story - Most-emailed articles - Most-viewed articles