Self-Approval Limit for Purchase Requisitions to be Reduced effective Tuesday, January 17, 2023

Dear Finance Colleagues,

FMS recently posted on Fingate an upcoming change to the purchase requisition amount that can be self-approved in Oracle Financials.

The self-approval limit for purchase requisitions will be reduced from $5,000 to $1,000 effective Tuesday, Jan. 17, 2023.

This change means that purchase requisition transactions above the new $1,000 threshold will require a secondary approver. This new self-approval limit will be enforced in the Oracle Financials approval workflow.  Financial Management Services (FMS) has posted additional information and resources regarding this change on Fingate News.

Please consider the impact of this change for your unit, such as the identification of who should provide the secondary approval, their availability, and the potentially longer lead time in the acquisition of goods and services and for purchase order revisions.  Please share this information with purchase requisition preparers in your unit.     

If you have any questions or concerns, please contact your H&S Finance liaison.

Best,

Blake Grenier

Associate Director of Finance

The School of Humanities and Sciences