The user wants to be able to register and track a performance bond issued by a supplier in the procure to pay cycle as follows: Receive performance bonds from the suppliers entered in a bid and link them to the RFQ Release the performance bonds and send a letter to the banks for the rejected offers. Keep the performance bond for the accepted offer and transfer it to the purchase order created. Once the supplier provides the service or goods with the quality agreed upon, the user wants to cancel the performance bond in the system and send a letter to the bank to release the amount to the supplier. In case the quality of the service or goods doesn’t match the agreement, the user will have the right to pull the amount from the bank and post a voucher in the system. In addition, the user wants to have the option to directly link a performance bond to a purchase order without passing by the RFQ process

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