What is multi-party verification in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: multi-party verification

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A process during which more than one person is present at the opening of RFx responses in order to ensure the integrity of the RFx response information.

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• Key Concepts: 
  Multi-party verification is a feature of the SAP PSM-GPR Procurement for Public Sector component. It allows for multiple parties to be involved in the verification process of a procurement transaction. This ensures that all parties involved in the transaction are aware of the details and can provide their input and approval. 
  
  How to use it: 
  Multi-party verification can be enabled in the SAP PSM-GPR Procurement for Public Sector component. Once enabled, it will allow multiple parties to be involved in the verification process of a procurement transaction. This includes verifying the details of the transaction, such as the supplier, product, quantity, and price. Once all parties have verified the details, they can provide their approval and the transaction can be completed. 
  
  Tips & Tricks: 
  When using multi-party verification, it is important to ensure that all parties involved in the transaction are aware of their roles and responsibilities. This will help ensure that all parties are able to provide their input and approval in a timely manner. Additionally, it is important to ensure that all parties have access to the same information so that they can make informed decisions about the transaction. 
  
  Related Information: 
  For more information on multi-party verification and how to use it in SAP PSM-GPR Procurement for Public Sector, please refer to SAP’s official documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.