Purchase To Pay

We have helped organisations secure millions of pounds of efficiency savings through implementing our purchase to pay solution by streamlining procurement reducing indirect spend and automating invoice processing.

Purchase to pay. This process is relevant to every organization. Needs arise for different products from different layers within an organization. Besides the entire purchasing process is often not digitized and a lot of unnecessary time is wasted with the invoice process as a whole. Purchase to pay is synonomous with other terms such as req to check and procure to pay and order to cash.

Purchase to pay is the process from purchase request to payment. So what is purchase to pay p2p. Procure to pay purchase to pay or p2p is the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service. Purchase to pay is a complete purchase system for businesses from the purchase of goods to vendor payment.

It involves the transactional flow of data that is sent to a supplier as well as the data that surrounds the fulfillment of the actual order and payment for the. Purchase to pay also known as procure to pay and abbreviated to p2p comprises a number of stages that describe the end to end process from an organisation ordering a product or service from suppliers through to making the subsequent payment for those products or services. Purchase to pay often abbreviated to p2p and also called req to check refers to the business processes that cover activities of requesting requisitioning purchasing receiving paying for and accounting for goods and services also commonly referred to as procure to pay. Purchase to pay is also called p2p procure to pay eprocurement or req to cheque.

The purchase to pay process also known as the p2p process connects the procurement and entire supply chain processes within a company through the goods receipt process and finally to the payment issued to the vendor. Purchase to pay also known as p2p for short comprises a number of stages that describe the end to end process from an organisation ordering a product or service from a supplier through to the organisation making the subsequent payment for those services.