Purchase to Pay

This cycle starts when there is a demand for inventory. To fulfill the demand, requisition is raised with the specified UOM, quantity, etc., If the requisition is approved, then the purchase order is created in the purchasing module. Then the PO is send to the supplier who indeed sends the receipt. When the supplier sends the consignment, it is received at inventory and the invoice is created in account payable module. Finally payment is done to supplier against the invoice and the details are transferred to cash management module for reconciliation.