What are examples of Approvables in SAP Ariba?

In SAP Ariba, Approvables are specific items or processes that require approval before proceeding. The examples provided—Supplier Data Updates, Invoice Reconciliations, and Contract Requests—are all valid instances of Approvables, which can be related to procurement activities.

Supplier Data Updates involve changes to the information concerning suppliers, such as contact details or banking information. These updates often require validation and approval to ensure data integrity and compliance with procurement policies.

Invoice Reconciliations refer to the process of matching invoices to purchase orders and receipts, a crucial activity in financial control and transparency. This process typically necessitates approval to resolve discrepancies and confirm that payments should be made.

Contract Requests are proposals for new contracts or modifications to existing contracts that demand review and authorization from responsible parties. This is important to align legal and financial interests within the organization.

Since all three examples fit within the definition of Approvables and illustrate the necessity of approval in various procurement processes, selecting "All of the Above" aligns perfectly with understanding the concept of Approvables in SAP Ariba. Each example contributes to proper governance, risk management, and operational efficiency within the procurement function.