What is O2C...R2R...P2P..?

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Accepted Answer

O2C, R2R, and P2P are acronyms for different business processes: Order-to-Cash, Record-to-Report, and Procure-to-Pay.

O2C refers to the process of receiving and fulfilling customer orders, invoicing, and receiving payment.
R2R refers to the process of recording financial transactions, reconciling accounts, and producing financial statements.
P2P refers to the process of purchasing goods or services, receiving and approving invoices, and making payments to vendors.
These processes are important for businesses to manage their finances and operations effectively.
For example, a company may use O2C to process customer orders for a product, R2R to record the sale and reconcile accounts, and P2P to purchase raw materials for production.

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