What is Procure-to-Pay?
Procure-to-Pay, also known as Purchase-to-Pay and P2P, is made up of a number of stages that describe the end-to-end buying process, from initial request and purchase through to invoicing and payment for good/services received. By simplifying these processes, you can take a big step towards your digital transformation goals.
The class of software systems that have come into being in recent years to address this important cycle is generally referred to as Procure-to-Pay or Purchase-to-Pay software systems
– P2P systems for short.