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.
1 By simplifying these processes, you can take a big step towards your digital transformation goals.
2
Companies overspend millions on procurement,
3 but with a P2P system you can control the whole purchasing process - from order request and approval, to order creation and receipt - across all products and services, in one system. You can guarantee that your employees order within the defined procedures, policies and budgets. P2P is intrinsically linked to your operational procurement processes, from order requisitioning to the processing of the invoice.