What does a 'hold status' in GFEBS Purchase Requisitions indicate?

In GFEBS, a 'hold status' for purchase requisitions clearly indicates that the requisition is currently on hold and cannot proceed until the underlying issue that caused the hold is resolved. This status may arise from various reasons, such as missing information, compliance issues, or the need for additional approvals. When a requisition is on hold, it signals to the relevant personnel that action is required before moving forward with the procurement process.

This clear demarcation is crucial for maintaining the workflow of requisitions, as it ensures that all necessary criteria and approvals are met before any financial commitments are made. Therefore, understanding 'hold status' is vital for effective management of requisition processes within the GFEBS framework.