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Free Tool · Procurement & Finance

Vendor Procurement Milestone Approval Matrix

Track external vendor payment releases against project phase completions — approve milestones, flag overdue stages, and print the payment approval matrix.

Runs entirely in your browser · No login · No data uploaded

Add Vendor Contract

Add a vendor contract to start tracking milestone approvals and payment releases.

How to Track Vendor Milestones in 3 Steps

Follow these steps to get results in under a minute

01
Add vendor contracts
Enter the vendor name, project description, total contract value, and currency. The tool pre-loads standard procurement milestones — you can add, remove, or rename them for your specific contract.
02
Set milestone deadlines and update status
For each milestone, enter the contracted completion date, the payment amount tied to that phase, and the current status. Approve completed milestones to release payment.
03
Review and print the approval matrix
See total contract value, amount released, amount pending, and overdue milestones across all contracts. Print the approval matrix for finance committee sign-off.

How Vendor Milestone Tracker Compares

vs spreadsheets, manual processes, and paid platforms

Feature UniCloud360 Vendor Milestone Tracker Spreadsheet TrackingEmail Chain ApprovalsPaid Procurement Software
Milestone approval workflow Per milestone ⚠️ Complex formulas Unstructured ⚠️ Config required
Payment release on approval Auto-calculated ⚠️ Manual tracking Manual email trail Yes
Overdue milestone flagging Auto-detected ⚠️ Manual date check No ⚠️ Notification only
Multi-contract overview All contracts ⚠️ Multiple sheets ⚠️ Separate threads Yes
Print-ready approval matrix One-click ⚠️ Manual formatting No ⚠️ Scheduled export
Cost Free forever ⚠️ Manual effort ⚠️ Disorganised Paid system

What Procurement Teams Are Saying

Trusted by lecturers and students across Sri Lankan universities

4.9
★★★★★
4 reviews
CJ
Chaminda Jayawardena
Procurement Manager
★★★★★

"We manage 8 active vendor contracts at any time. Previously approvals were tracked via email and spreadsheet — payments were sometimes released before formal approval. This tool makes the approval gate mandatory before the payment amount is calculated as 'released'."

DF
Dilhara Fernando
Finance Controller
★★★★★

"The overdue milestone flag is the most valuable feature. We had a construction contractor who submitted a Phase 3 payment claim before Phase 2 was formally completed. The tracker showed Phase 2 still pending, which blocked the release automatically."

NS
Nimali Senanayake
IT Project Manager
★★★★★

"For our ERP implementation, every vendor payment was tied to a deployment milestone. This tool gave us a clean matrix we could present to the board showing exactly what had been paid, what was pending, and what was overdue."

KF
Kasun Fernando
Capital Projects Coordinator
★★★★☆

"The print output is clean enough to attach to finance committee minutes without any reformatting. We print the approval matrix monthly and file it with the contract documentation."