Features and Benefits:
Terms & Definitions
Approval Rules are rules the company establishes to cover its purchasing activity. Rules may cover such things as approval dollar limits, routing, individual approvers, escalation conditions, etc.
Position-based approvals are a quick way to establish an approval routing process based upon the initiating user’s role in the company. For example, you may establish an approval routing that applies to all AP clerks and a separate routing for inventory buyers.
A change order is work that is added to or deleted from the original scope of work of a contract or purchase order.
A check request is a request for vendor payment that does not initiate from a purchase order.
Variance Tolerance refers to the accepted variance of quantity or cost when there is a difference between what was ordered, received, and invoiced.