P2P

January 19, 2020 By David Torre
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Procure to pay. The overarching enterprise process and of its sub-processes which captures the activities associated with internal ordering of goods and services. Procurement itself may have multiple sub-processes, such as an approval workflow, the creation of a purchase order, and so on. Likewise, the payment process will have multiple steps, such as onboarding the vendor with an completing a W-9 form. Yet the cradle-to-grave process is known as “procure-to-pay.”

Synonyms:
PTP
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