Effective with the November 17 Oracle FINDINI release, receiving thresholds in HCOM will be adjusted to only require receiving (3-way match for payment) for all purchase orders (sponsored and non) $2,500 or greater. This change is consistent with several peer institutions and presents an opportunity for departments to realize greater administrative efficiencies for low dollar purchase order transactions. The new process has been reviewed and approved through Central Administration’s Financial Administration (including Strategic Procurement, Accounts Payable, Office for Sponsored Programs, Risk Management and Audit Services, and the Office of the Controller). More information, including links to detailed FAQ’s and training aides, will be provided in the October 12 issue of the eNews and posted on a new Accounts Payable webpage found at https://oc.finance.harvard.edu/hcom-receiving-threshold
September 14, 2017