The P2P process
Purchase-to-Pay, also known as Procure-to-Pay and abbreviated to P2P, is made up of a number of stages that describe the end-to-end purchase-to-pay-process from an organization ordering a product or service to making the subsequent payment. Purchase-to-Pay is intrinsically linked to your operational procurement processes, from order requisitioning to the processing of the invoice. Procurement and invoice processing are often complex processes, with requirements for administrative handling and numerous approval steps. By simplifying these processes, you can take a big step towards your digital transformation goals.