Invoice Tracking in Accounts Payable

Received a requirement from customer, Finance user wants to create a record for accounts payable invoice against purchase order over receiving physical invoice from supplier and attach to it in oracle ERP. So that procurement and logistics department should be notified and do receiving into system. record should be updated with receiving information over receiving completion from Procurement and logistics. Finance users should be notified and start booking invoice in accounts payable and matching with PO# for releasing supplier payment.

So finance user wants to track the above activities in the system with complete audit trail. Does oracle offers any such kind of standard functionality or module for invoice tracking. Can oracle ERP experts share your feedback on this as soon as possible. Thanks for your support in advance...