Entire p2p explanation.

Question

Accepted Answer

P2P (Procure-to-Pay) is a process that involves purchasing goods or services and paying for them.

P2P process starts with identifying the need for goods or services
The next step is to create a purchase order and send it to the supplier
Once the goods or services are received, the invoice is matched with the purchase order and goods receipt
The invoice is then approved for payment and payment is made to the supplier
P2P process involves various stakeholders such as procurement, finance, and accounts payable
Automation of P2P process can lead to cost savings and improved efficiency

Accepted Answer

requisitioning, sourcing, purchasing, receiving, invoice approval, and payment. Based on organizational practice and the requirement in question, procurement leaders choose to complete the most relevant stages of a procure-to-pay process.

Entire p2p explanation.

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