tell something about P2P

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P2P stands for Procure-to-Pay, a process that involves purchasing goods or services and paying for them.

P2P involves several steps such as requisition, purchase order, goods receipt, invoice verification, and payment
It helps streamline the procurement process and ensures timely payment to vendors
P2P systems can be automated using software such as SAP, Oracle, or Coupa
Example: A company uses P2P to purchase office supplies. An employee creates a requisition, which is approved by the manager. A purchase order is generated and sent to the vendor. When the goods are received, the employee confirms the receipt, and the vendor sends an invoice. The invoice is verified and approved for payment, which is then processed by the finance team.

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