Procure to Pay

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3. Finance
4. Procure to Pay

Procure to Pay Process

Requirement Identification

Team members can purchase goods and services on behalf of the company in accordance with the Signature Authorization Matrix and guide to Spending Company Money. However, any purchases requiring contracts must first be reviewed by legal then signed off by a member of the executive team. Be sure to also check out our guide on Signing Legal Documents.

Approval Workflow

1. Consult the Signature Authorization Matrix and determine the approvals required.
2. To obtain approval you can do one of the following:
   • Create a confidential issue in the Finance Issue Tracker and tag the required functional and financial approvers.
   • Send an email with the required documentation to the required functional and financial approvers
   • Schedule a video call to discuss the item with a google doc attached.
3. If there is a vendor contract to be signed copy legal@gitlab.com.
4. Once the first invoice is received link or forward the approval from above and send to ap@gitlab.com.

Invoice Recording and Filing

After the invoice has been approved and filed in Google Drive, the Senior Accounts Payable Administrator will record the invoice in NetSuite and move the document to another folder in Google Drive named "Invoice to Pay."

Payment

The final step in the process is payment. Payment runs are made every Friday. The Senior Accounts Payable Administrator will queue up the payments and send to the Controller for review and approval. Once approved, the Controller submits the payments to the CFO for final approval. Payments are then disbursed and the Senior Accounts Payable Administrator transfers the file to a folder in Google Drive named "Vendor Paid." This marks the end of the Procure to Pay process.