Track requests and approvals for funding against budgets.
The Request for Expenditure application is a request-driven solution, built on the ServiceNow platform, which allows an organisation to capture expenditure requests. When an organisation staff member wants to draw funds from a budgeted pool of money, a request must be submitted. The Request for Expenditure goes through an approval process with notifications to the required staff being delivered to action.
Variations on expenditure requests can be captured by submitting a Variation Request. Finally once completed, the Request for Expenditure will be closed out for funding and reporting purposes by submitting a Completion Request.