HCOM Receiving Threshold Change

November 16, 2017

Effective with the December 18 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). Please see the Accounts Payable webpage found at https://oc.finance.harvard.edu/hcom-receiving-threshold for detailed information and FAQ’s regarding the change.

See also: Live, HCOM, November 2017