SAP Supplier Relationship Management (SAP SRM) provides the insight and analysis you need to manage your procure-to-pay process for goods and services. The application helps drive the operational procurement process with centralized decision-making functionality for strategy and purchasing policy. SAP SRM facilitates centralized and automated process execution across the enterprise, with tools for self-service, plan-driven, and services procurement activities.

SAP SRM provides the resources you need to support the following procure-to-pay processes:

• Requisitioning – Create requisitions automatically with SAP ERP through a materials requisition process run, or manually with SAP SRM using shopping carts based on text descriptions, material numbers, or catalog entries.
• Order management – Assign sources of supply, validate restrictions, and perform order generation and tracking.
• Receiving – Capture the process of receiving goods and services to prepare for follow-on processes, such as automated financial settlement. Purchasers can use self-service functions in SAP SRM and back-office functions in SAP ERP.
• Financial settlement – Handle financial transactions through SAP SRM and SAP ERP to make financial settlement more efficient by using tools for invoice management, evaluated receipt settlement, and invoice payment.