procure to pay presentation

1
Procure to pay presentation

• Prepared by Alim Al Razi

2
OBJECTIVES

• About ERP.
• What is procure to pay?
• Oracle Procure to Pay Process.
• About Requisition.
• Purchasing Order.
• Receipt.
• Invoice.
• Payment.

3
What is ERP?

• ERP stands for Enterprise Resource Planning.
• ERP is an enterprise-wide information system the
  facilitates the flow of information and
  coordinates all resources and activities within
  the business organization.

4
Why Do I Need It?

• ERP is an enterprise-wide information system that
  facilitates the flow of information and
  coordinates all resources and activities within
  the business organization.
• Of all the software an organization can deploy,
  ERP has potentially the most direct impact on
  reducing costs.
• ERP solutions are effective for reducing costs
  through improving efficiencies and
  decision-making.

5
What is procure to pay?

• Procure to Pay is one of the important Process
  in Oracle Applications. Procure to Pay means
  Procuring Raw Materials required to manufacture
  the final or finished Goods from a Supplier to
  Paying the Supplier from whom the material was
  purchased. But this process is not just two
  steps. It involves many steps. Lets see the
  steps and Oracle Application involved in
  performing those steps.

6
Oracle Procure to Pay Process
7
What is requisition?

• Written order or a formal demand by the user(s)
  of a good or service (which is not made
  available without a specific request) to the
  organization's Demand.

8
How many types of requisition?

• There are two types of requisitions
• Internal Requisition Basically used when there
  is a Requirement from One Inventory Organization
  to the Other Inventory Organization (Inter-
  Organization Transfer).
• Purchase Requisition Basically used when there
  is a Requirement to be fulfilled by External
  Sources i.e. Suppliers, Requirement from MRP,
  Requirement from WIP, Requirement from Sales
  Order etc.

9
Creation Of Purchase Requisition

• A purchase requisition form usually comes from a
  specific department and list items needed for
  certain tasks or activities.

10
Purchasing order
11
Purchasing supports four types of purchase orders

• Standard
• Blanket
• Contract
• Planned

12
Receipt of materialsPurchasing lets you
control the items you order through receiving,
inspection, transfer, and internal delivery. You
can use these features to control the quantity,
quality, and internal delivery of the items you
receive.
13
Creation of Payables InvoiceOnce youve
received goods or service from your supplier,
youll also receive an invoice.  Using Payables
you can record invoices in a number of different
ways.
14
Payment to Supplier

• Once invoices are validated, they can be paid.
  Payables integrates with Oracle Payments, the
  E-Business Suite payment engine, to handle every
  form of payment, including checks, manual
  payments, wire transfers, EDI payments, bank
  drafts, and electronic funds transfers.  Payables
  also integrates with Oracle Cash Management to
  support automatic or manual reconciliation of
  your payments with bank statements sent by the
  bank.

15
Thanks Of All

• ALLAH HAFEEZ