PR (Purchase Requisition) Purchase requisition is a document used by various departments. In the company, let us know what you want to buy. The buyer must include reasons for wanting to buy and what it will be used for. and must be approved by the department head before sending to the purchasing department. to make purchases
As for the PO (Purchase Order), the purchase order is a document that the purchasing department Issued to sellers of products or services To inform the seller of goods or services that we would like to purchase the goods or services, how much the price is, and what the trade conditions are. And when a problem arises related to the purchase of goods and services, the purchase order document can be used as evidence in court or in a dispute with the seller.
In the case where the product seller Have business partners who are government agencies or large private companies? Then immediately need cash flow to enhance liquidity within the business. I don’t want to wait until the commercial credit term is over. You can bring such documents to use the Factoring service (selling trade receivables) with AIRA. We buy billing slips, invoices, work acceptance slips, or POs up to 90% of the contract value. Quick approval and quick cash.
Sample picture of PR and PO forms
