Purchase-to-Pay (P2P) Automation

Purchase-to-Pay (P2P) Automation refers to the digitalization and streamlining of the entire purchasing process from requisition to payment. This end-to-end approach eliminates manual touchpoints while enhancing control, visibility, and efficiency throughout the transaction lifecycle.

Fully automated P2P solutions provide:

• Self-service requisitioning with guided buying
• Automated approval routing and policy enforcement
• Electronic PO transmission and confirmation
• Digital goods receipt capture
• Automated invoice matching and exception handling
• Electronic payment processing
• Real-time status tracking and reporting

Organizations implementing P2P automation typically realize 60-80% reductions in processing costs, 70-90% faster cycle times, and significant improvements in payment accuracy while freeing procurement professionals to focus on strategic activities rather than transaction processing.