Oracle Advanced Procurement provides features for strategic sourcing, procurement contracts, and supplier management. Key features of Oracle Sourcing include online bidding, negotiation, and collaboration capabilities to streamline the sourcing process. Oracle Procurement Contracts allows users to author, negotiate, implement, and manage contracts through their entire lifecycle. It considers other vendors in the space and compares Oracle favorably to competitors in areas like functionality and support for global enterprises according to Gartner research. Important considerations for selection include the suitability of the overall product suite and architecture to support an organization's needs and scale.