Treasury
Contracts and purchasing
The budget is checked before a supplier is chosen.
An obligation to a supplier arises before the payment. That is why a purchase request checks the budget before a supplier is chosen, and a contract carries a payment schedule that goes straight into the cash forecast.
Included in the “Holding” editionCompare editions
What is inside
- Financial contract record: amount, currency, term, counterparty
- Contract approval and budget check
- The contract payment schedule goes into the cash gap forecast
- A payment request from a schedule line in one action
- Purchase request: budget before the supplier is chosen
- Turning an approved purchase into a payment request
Frequently asked questions
Does the product store the contract document itself?
The product keeps the financial record and the payment schedule. Signing and storage of the legally binding document stay in A3.EDM.
Can I see that a contract will end before payment?
Yes. A request under a contract that expires before the payment date gets a warning during the check.
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