IBM TRIRIGA Version 10.5.0

Paying for products and services

With the Procurement Management application, you can manage and control purchase orders, receipts, and invoices for both manufacturing and logistics operations. A vendor database assists you with buying, quality control, and purchasing. You can exchange orders and invoices with vendors who use multiple currencies.

  • Invoicing vendors
    When the services are completed or the product is shipped, an invoice is created. An invoice is typically associated with a contract or purchase order.
  • Releasing payments
    When the payment is released for a contract or a purchase order, a payment release record is created. Payment can be made either for the completion of the entire contract or for providing the required products and services. Payment is made from a predetermined budget that is allotted for the purchase of materials or services.
Parent topic: Managing procurement

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