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- Procure-to-pay (P2P) is a process that links purchasing and accounts payable systems to increase efficiency1. Key differences between P2P and accounts payable (AP) include:
- P2P is an end-to-end process that handles both purchasing and AP tasks, including purchase requests, purchase orders, invoice reconciliation, approval, and payment for goods or services.
- Accounts payable specifically handles incoming invoices and outgoing payments once an invoice is received or submitted2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The process of linking purchasing and accounts payable systems to increase efficiency is known as procure-to-pay. It is part of a wider procurement management process that has four stages: choosing products and services, enforcing compliance and order, receiving and reconciliation, and invoicing and payment.simfoni.com/procure-to-pay/While both P2P and AP provide the same service, the key differences between procure-to-pay and accounts payable are that:
www.pipefy.com/blog/procure-to-pay/ - People also ask
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