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Procure-to-Pay (P2P)

Procure-to-Pay (P2P) is an end-to-end process that covers all activities from identifying needs and selecting suppliers to processing payments. This integrated approach connects procurement and accounts payable operations into a seamless workflow.

A complete P2P cycle typically includes:

  • Requisition and approval management
  • Purchase order creation and transmission
  • Goods receipt and service acknowledgment
  • Invoice matching and exception handling
  • Payment processing and supplier reconciliation
  • Reporting and analytics

Automated P2P solutions streamline operations by enforcing compliance with purchasing policies, eliminating paper-based processes, reducing processing costs, and capturing early payment discounts through accelerated cycle times.

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