Oracle Procurement Contracts is a part of Oracle Advanced Procurement, which enables Standardizing Contract Processes with enterprise standards, policies that govern their use and tools to allow flexible contract administration. It allows you to take control of your contract lifecycle, from authoring and negotiation through implementation, enforcement, evaluation and closeout. Oracle Procurement Contracts enables organizations to control users' access to contact authoring features. In this way, users with different roles, such as contract negotiators, contract administrators, and contract approvers, can have access to only those features they need to use.
This video demonstrates How to Set Up and Manage Procurement Contracts in Oracle Fusion Cloud: