Capital Expenditure Process Following Order and Inventory Management to Fixed Asset Management Integration

The capital expenditure events following Order and Inventory Management Fixed Asset Management integration are as follows:

  1. Order and Inventory Management (Procurement role) - Internal purchase order with capital equipment lines created.
  2. Order and Inventory Management (Procurement role) - Purchase order approved.
  3. Order and Inventory Management (Warehouse role or office admin role) - Item received into warehouse or department where it will be used.
  4. Order and Inventory Management (Warehouse role or office admin) - Purchase order receipt and receipt lines created.
  5. Order and Inventory Management (Accounts Payable role) - Supplier Invoice Received - AP voucher and AP voucher lines created and matched.
  6. Order and Inventory Management – FinancialForce Connector - Payable Invoice (PIN) created.
  7. Accounting (Accounts role) - PIN posted.
  8. Order and Inventory Management – FinancialForce Connector (System process) - AP voucher is updated with the PIN posting date.
  9. Order and Inventory Management publishes the procurement (receipt and AP voucher) data in Foundations.
  10. Foundations Integration - Fixed Asset Management subscribes to the receipt and AP voucher data.
  11. Fixed Asset Management (System process) - Fixed Asset Management records are created with a status of "New".