What is the P2P? Procure-to-pay is the process of integrating purchasing and accounts payable systems to create greater efficiencies.

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Procure-to-pay is the process of integrating purchasing and accounts payable systems to create greater efficiencies.

P2P involves the entire process from requisitioning goods or services to making the final payment.
It includes steps such as vendor selection, purchase order creation, goods receipt, invoice processing, and payment.
The goal of P2P is to streamline the procurement process, reduce costs, and improve supplier relationships.
Automation and digitalization play a key role in enhancing P2P efficiency.
Example: A company using a P2P system to automate the procurement process and track all transactions in one centralized platform.

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