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Accounts payable and purchasing offices streamline processes

In September, the offices of Accounts Payable and Purchasing went live with two Oracle Financials Cloud projects, which will streamline how employees enter payment requests and standard requisitions.

Standard purchasing requisitions now will be entered by the requisition line in order to differentiate between purchases that are goods and/or services. This change will reduce the number of requisitions that require re-entry and also streamline the entry of funding source information on standard requisitions.

Invoice payments will replace payment request requisitions. This change will simplify how these transactions are approved, processed and paid. It also will make reporting more meaningful because individuals can look up transactions by supplier invoice numbers.

The Procurement and Vendor Services (Formerly Accounts Payable and Purchasing), and the University Financial Services Training Portal websites have been updated with resources to help employees navigate these changes.

Individuals also can sign up for the external supplier orders and payments training offered by the Office of Continuous Improvement to get hands on training in Oracle Financials Cloud projects.