REPORT

Financial Policies Planning Performance Management Budgeting & Purchasing

Financial Planning Policies and Solutions Budgeting and Purchasing

· Financial Policies (paraphrase and write more about it)

Policies that related to regulation, supervision, and oversight of the financial and payment system, involving markets and institutions with the view to promoting financial stability, market effectiveness, and client-asset and consumer protection.

· Planning Performance Management (paraphrase and write more about it)

is a systematic and structured approach to successfully achieve the desired goals of an individual or team throughout the assessment year. A plan is chalked out for the team or an individual’s keeping in mind the broader objectives of the organization.

· Budgeting and Purchasing (paraphrase and write more about it)

Empowers organizations to deal with their purchase requisition through the process of becoming purchase orders. In addition, the companies can tie its purchase orders directly to related invoices budgets so it can precisely monitor how money is spent and track the complete purchasing cycle.

Process in details: (paraphrase and write more about it)

1. Receive the Purchase request from the stockholder.

2. Start Sourcing & biding.

3. Get 3 vendors or more to choose best Value (Price, Quality, Time).

4. Submit the price to get the approval from the Cost Center Manager regarding to the authority matrix.

5. Issue the PO and share it or set the agreements terms to be signed.