IPMS - Stock Control & Warehousing - Purchase Ordering - Requisitioning - Catalogue Management - Tenders and Quotations - Asset Management - Budgets and Commitments - Invoice Matching - Access Authorities

IPMS - Commitments

The following outlines some of the main features of the Commitments function of IPMS

Commitments

This function provides management with the ability to measure existing commitments against defined budgets, forecast figures and revised forecasts for each cost centre, or down to individual cost codes if required.

Access to budgets is controlled by authority restriction

Budget profiles defined for each cost code or centre

Automatic movement of transactions through four stages:-

• 'soft' commitment - requisition raised but not ordered

• committed - order placed

• Invoiced - goods received and invoiced

• expenditure - supplier paid

• analysis of each stage available

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