explain about p2p process

Question

Accepted Answer

P2P process refers to the procurement-to-payment process in supply chain management.

P2P process involves the entire cycle of purchasing goods or services, from requisition to payment.
It includes steps like requisition, supplier selection, purchase order creation, goods receipt, invoice verification, and payment.
The process aims to streamline procurement, ensure timely delivery, and maintain accurate financial records.
Automation and integration of P2P process can improve efficiency and reduce errors.
For example, a company may use an e-procurement system to manage the P2P process, allowing employees to submit requisitions electronically and automating the approval and payment processes.

Accepted Answer

In the logic of Integrated accounting systems

Accepted Answer

P2p is the proses of obtaining the row materialneeded for manufacturing a product or providing service and making payments for these

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