What is e-Requisite?

In the realm of procurement, e-Requisite (often interchangeable with e-Requisition) refers to a web-based system used to initiate requests for payment. This encompasses not only the procurement of goods and services but also cash advances or reimbursements for expenses. Essentially, it allows an originator, typically an employee within the organization, to submit a digital request for various financial needs. This online process streamlines the procurement and payment authorization workflow, enhancing efficiency and transparency.