Workaround for Services Procurement on Cloud
At the moment, services procurement capabilities are not available in procurement cloud. Following are the few suggestions proposed.
- Model the milestones as purchase order lines. For example, when a large equipment say boiler need to be purchased with various payment milestones create each milestone as a purchase order line like 10% at the time of PO, 20% of PO amount when supplier design is approved, 50% of amount when material is received, 20% after successful commission. By this, each milestone can be tracked and payment can be made progressively.
- Oracle Projects Portfolio Management Cloud can also be considered (leverage project-task milestone based payments). You can refer