Fusion Functional Set Up Manager allows users to define and maintain approval rules for various business processes within Oracle Fusion Cloud. These rules determine the routing and approval hierarchy for transactions such as purchase orders, requisitions, and expense reports.

A Procurement Contract in Oracle Procurement Cloud has the specific feature of managing billings. It allows for the creation and management of billing schedules, ensuring accurate payment processing and tracking of financial obligations related to the contract.

The Contract Management application is used for creating legally binding contracts. It facilitates the entire contract lifecycle, including drafting, negotiating, and executing contracts with suppliers. It also helps in monitoring contract compliance and managing contract renewals or terminations.

Templates in Oracle Fusion Cloud Procurement allow users to define preconfigured templates for requisitions. These templates can include predefined information such as item details, quantities, and required approvals, saving time and ensuring consistent data entry for similar types of requisitions.

The 'Supplier Self Service' feature in Oracle Fusion Cloud Procurement is designed to automate supplier onboarding and registration processes. It allows suppliers to enter and update their own information, facilitating a streamlined and efficient supplier management process.