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- The procure-to-pay (P2P) process encompasses the entire lifecycle of purchasing goods and services from external vendors and is by its nature a cross-functional one. It includes identifying and sourcing suppliers, negotiating contracts, placing orders, receiving goods and services, and processing invoices and payments.
www.airbase.com/blog/procure-to-pay-guide - People also ask
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WEBThe procure-to-pay process creates a way for organizations to document this complex workflow, from the point of need through the final payment. Its aim is to integrate purchasing, supply chain management and accounts-payable functions seamlessly.
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