Release 4.11 introduces the much requested ability to restrict GL account codes by organization unit and further integrates purchasing and contracts by allowing a contract to be created from a requisition or order.
New Features:
Restrict Account Codes by Organization Unit
This latest release introduces the ability for communities to restrict which account codes your buyers can purchase against. This ensures that buyers can only purchase against the codes they are authorized to use.
If this option is configured, buyers only have access to the account codes (or the range of codes) which relate to their associated organization units.
Create or Link a Contract From a Requisition or Order
This change adds the ability for the contract creation process to be started from either a requisition or a purchase order or for a requisition or purchase order to be retrospectively linked to a contract. This can be used in scenarios such as a purchase order for services that also needs an accompanying contract.
Evergreen Contracts
The Contract Management module now provides the ability to setup evergreen contracts that do not expire.
Other Changes and Fixes
- We have fixed an issue relating to the GL integration accrual reversal
- We have added the ability to set account code ranges with alphanumeric values
- Suppliers can now change their mind and decline a bid request after accepting
What's Next?
Our team is currently toiling away on procurement dashboards to help you gain insight into community spend and procurement processes. Our goal is to provide spend analytics that help procurement managers to make informed decisions that drive costs savings within the organization.
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