Next Requisitions

What Next Requisitions is

Next Requisitions organizes approvals for external procurement and internal investments. It includes templates for procurement and investment categories, and organizations can create additional categories. Each requisition needs sign-off from at least two authorized approvers before spending can proceed. Approval limits can be tied to organizational roles and requisition categories, with individual overrides available. Its business log tracks who created and approved each requisition, when approvals happened, and which authority limits applied. When a supplier invoice matches an approved requisition, Next Invoices can approve it automatically, apply account allocations, and post transactions to the financial system. The product connects with Next Contracts, eCMS, Casework, Invoices, and Guidelines, as well as business systems across ERP, CRM, HCM, portfolio management, partner portals, collaboration, and e-signature. It is available as a cloud service or for deployment on customer servers or another cloud. Pricing is on request; prospective customers can book a demo or contact Nextway.