What is a Financial Transaction Process Flow?
A financial transaction process flow provides a high level view of the steps and departments involved with each different financial transactions
Who is involved in the different stages of each financial transaction?
It depends on the transaction. Transaction flows outlined below identify who is involved in each stage of the process.
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Step 1. Campus: Create and submit Invoice Payment via Bronco Hub.
Step 2. Payables team of Procurement and Vendor Services: Review the Invoice Payment for compliance.
Step 3. Campus approvers: Review and approve Invoice Payment via Bronco Hub Approval Workflow*.
Step 4. Payables team of Procurement and Vendor Services: Process payment to Supplier or Non-Employee.
* To see the approvers for your department, visit the Standard Approval Workflow Matrix.
Step 1. Campus: Create and submit Requisition via Bronco Hub.
Step 2. Campus approvers: Review and approve Requisition via Bronco Hub Approval Workflow*.
Step 3. Procurement team of Procurement and Vendor Services: Review the Requisition for compliance.
Step 4. Procurement team of Procurement and Vendor Services: Create and send Purchase Order (PO) to Supplier.
Step 5. Campus: Submit Purchase Order Payment Approval Smartsheet to authorize payment for goods or services received.
Step 6. Payables team of Procurement and Vendor Services: Process payment to Supplier.
* To see the approvers for your department, visit the Standard Approval Workflow Matrix.
Step 1. Campus: Shop Catalog to create and submit Requisition via Bronco Hub.
Step 2. Campus approvers: Review and approve Requisition via Bronco Hub Approval Workflow*.
Step 3. Automated system task: Create and send Purchase Order (PO) to Supplier.
Step 4. Payables team of Procurement and Vendor Services: Receive invoice for order. Send invoice to Catalog Requisition requester.
Step 5. Campus: Approve Invoice for order received.
Step 6. Payables team of Procurement and Vendor Services: Process payment to Supplier.
* To see the approvers for your department, visit the Standard Approval Workflow Matrix.
Step 1. Campus: Gather traveler information.
Step 2. Campus: Enter travel data via Travel Authorization (TA) Application.
Step 3. Campus: Approve TA request.
Step 4. Office of Continuous Improvement: Encumber travel funds via Bronco Hub.
Step 5. Campus: After travel occurs,submit Expense Report via Bronco Hub.
Step 6. Office of Continuous Improvement: Reverse encumbered funds.
Step 1. Campus: Create and submit Expense Report via Bronco Hub.
Step 2. Campus approvers: Review and approve Expense Report via Bronco Hub Approval Workflow*.
Step 3. Payables team of Procurement and Vendor Services: Review the Expense Report for compliance.
Step 4. Payables team of Procurement and Vendor Services: Process employee reimbursement.
* To see the approvers for your department, visit the Standard Approval Workflow Matrix.