Purchase Requisition

A Purchase Requisition (PR) serves as an internal document used by employees to formally request approval for the acquisition of goods or services on behalf of their organization. This essential document initiates an approval workflow, ensuring a structured and transparent process. Upon successful approval, the Purchase Requisition transforms into a Purchase Order, which is sent to designated suppliers to execute the procurement of requested goods or services. Effective management of Purchase Requisitions is critical for organizations, facilitating a seamless transition from internal requests to actionable Purchase Orders, and ultimately streamlining the procurement process with finance and accounting departments.

Learn more about Ivalua's Procure-to-Pay solutions.