CU Marketplace is the University's official procurement to pay system. The software is used by CU to create and approve purchase requisitions, place purchase orders, receive goods and services, and process invoices. The CU Marketplace system interfaces with the University's PeopleSoft Finance system for account information, encumbrance activity, and the distribution of payments to suppliers.
CU Marketplace is the preferred method of procurement for all purchases. Individuals should always check CU Marketplace prior to using a University Procurement Card.
Frequently Asked Questions
Role/Function
Fiscal Responsibility/Expectation
Shopper
Person who can create a shopping cart but cannot place the order. This is a good function for catalog purchases in a decentralized unit.
Requestor
Person who submits requisitions and can purchase up to $10K without an approver. Person should be considered an expert in University fiscal and procurement policies and guidance.
Requisition Approval
Person responsible for authorizing requisitions over $10K - they determine compliance with fiscal and procurement policies, appropriateness of expense and direct business purpose.
Invoice Approver
Person who approves invoices on standing purchase orders in the system. Typically, the person is getting approval from the person who is consuming the services to ensure it is appropriate to pay.
Receiver
Person who enters goods received for orders over $10K and not on a standing purchase order. Validates that the goods are received.
