What is the Procurement Process?
The Procurement Process follows these steps:
Purchase Requisition (PR): When a user wants to buy something, the user initiates a PR, which goes through an approval process.
Purchase Order (PO): The PO is either created independently or consumes an approved PR. It goes through approval, and once approved, is sent to the vendor.
Invoice: The vendor shares the invoice with the organization, which is then submitted on the P2P platform for approval before payment is cleared.
Related Articles
What is a PR (Purchase Requisition)?
A Purchase Requisition (PR) is an internal document raised by a user or department to request the purchase of goods or services. It initiates the procurement process and goes through an approval workflow before a purchase order (PO) is created. Easy ...
What are Approval Workflows?
Approval workflows in Kodo represent business processes such as Purchase Orders, Invoices, and Advances that require multiple approvals before they can be executed. These workflows ensure that the necessary checks and validations are made at each ...
What is a Custom Role?
A Custom Role is a set of tailored permissions that meets specific needs within your organisation, beyond what standard system roles offer. These roles give administrators the flexibility to define unique access levels based on department ...
How to Rename or Delete an Approval Block?
Renaming an Approval Block: Click on the approval block header to rename the block. The name you give to the approval block can help clarify its purpose for both the submitter and approvers. For example, names like "Procurement Review" or "Legal ...
What is a System Role?
A System Role is a set of predefined permissions in the procure-to-pay system. It helps manage user access based on common organisational tasks, making it easy for users to perform their duties without complex setups. Key Points: Fixed Permissions: ...