Medication & Supply

Veona Procurement

Requisition to purchase invoice to payment, with a three-way match that ties every supplier bill to its order and its goods receipt, and posts the liability straight into your ledger.

Three-waymatch before you pay
RFQcompare supplier quotes
Landed costinto stock valuation
AP to GLliabilities posted live
PR to POto invoice to payment
3-way matchorder, receipt, invoice
Landed costin stock valuation
APposted to the ledger
What it does

The whole buying cycle, on one record.

Veona Procurement extends Veona Stock with a complete buying chain: a department raises a purchase requisition, you send requests for quotation and compare supplier responses, the order is placed, goods are received against it, and the supplier invoice is matched three ways before it is approved for payment. The supplier liability posts into Veona Finance the moment the invoice is submitted, so accounts payable is never a spreadsheet beside the system.

Requisitions, RFQ, and quotations

A department raises a purchase requisition for what it needs. Turn it into requests for quotation to several suppliers, capture their quotes, and compare price and lead time side by side before you commit, so buying decisions are evidenced rather than informal.

Departmental purchase requisitions
Request for quotation to suppliers
Quotation capture and comparison
Approval before an order is placed
Procurement / RFQQuotation comparison · RFQ-0421SUPPLIERPRICELEADDCL Laboratory Products1,420,0003 daysMediSupply NG1,510,0005 daysLab Distributors Ltd1,475,0007 daysAwarded · DCL Laboratory ProductsBest price, shortest lead time

Three-way match before payment

When a supplier invoice arrives it is matched three ways against the purchase order and the goods receipt: did we order it, did we receive it, and does the price agree. Discrepancies are flagged before approval, so the hospital does not pay for goods it never received or at a price it never agreed.

Match order, receipt, and invoice
Quantity and price variance flags
Approval workflow before payment
Posted to accounts payable on submit
Procurement / Three-way matchThree-way match · PI-1184ORDER200 units@ 7,100RECEIPT200 unitsGRN-0907INVOICE200 units@ 7,100Match passedQuantity and price agree across all threeApproved for payment

Accounts payable and supplier payments

Submitted purchase invoices build the accounts payable ledger. Record supplier payments against them, and the postings flow through Veona Finance: a supplier liability when the invoice is submitted, a reduction in AP and cash when it is paid, with everything reconcilable to one set of books.

Accounts payable ledger
Supplier payments against invoices
AP aging visibility
Posted to the general ledger
Procurement / Accounts payableAccounts payable · agingDCL Laboratory ProductsNGN 1,420,000MediSupply NGNGN 880,500SUPPLIER PAYMENTDr Accounts Payable1,420,000Cr Cash1,420,000Paid · posted to ledgerAP balance updated

Landed cost into stock valuation

Freight, duty, clearing, and handling do not stay off the books. Apportion landed costs across received items so stock is valued at its true cost, which means the cost of goods sold posted when a reagent or consumable is drawn reflects what it really cost to land it.

Landed cost on receipts
Apportioned across items
True weighted-average valuation
Accurate cost of goods sold
Procurement / Landed costLanded cost · GRN-0907Goods value1,420,000Freight62,000Duty and clearing98,400Landed cost1,580,400Apportioned across 200 unitsUnit cost → 7,902
Capabilities

Everything the supplies office needs.

Purchase requisitions

Departments raise what they need, with approval.

RFQ and quotations

Compare supplier price and lead time before you commit.

Purchase orders

Place orders against approved requisitions.

Goods receipt

Receive against the order and update stock.

Three-way match

Order, receipt, and invoice reconciled before payment.

Accounts payable

Supplier liabilities posted to the ledger.

Supplier payments

Pay invoices, with the postings flowing to Finance.

Landed cost

Freight and duty into true stock valuation.

Supplier register

One supplier record shared with stock and finance.

How it works

From a shortage to a settled supplier.

Requisition

A department raises a purchase requisition for what it needs.

Source

Send RFQs, compare quotes, and place the purchase order.

Receive

Goods are received against the order and stock updates.

Match and pay

The invoice is matched three ways, posted to AP, and paid.

Works with

Connected to the rest of Veona.

Questions

What buyers ask about Veona Procurement.

What is a three-way match?

It checks a supplier invoice against the purchase order and the goods receipt for the same line: did we order it, did we receive it, and does the price agree. Discrepancies are flagged before the invoice is approved, so you do not overpay or pay for goods you never received.

Does procurement update stock automatically?

Yes. Veona Procurement extends Veona Stock, so a goods receipt against a purchase order updates inventory and its valuation, and the matched invoice posts the supplier liability into Veona Finance.

How does landed cost work?

Freight, duty, clearing, and handling are apportioned across the received items, so stock is valued at its true landed cost and the cost of goods sold posted when an item is consumed reflects that.

Where do supplier liabilities go?

Into the general ledger. A submitted purchase invoice posts accounts payable, and a supplier payment reduces AP and cash, all in one set of books with the rest of the hospital.

See Veona Procurement in action.

A walkthrough of requisition to payment, with a three-way match and AP posted live.