P2P

P2P, also known as Procure-to-Pay or Purchase-to-Pay, encapsulates a comprehensive set of activities essential for securing and overseeing materials needed in the production of goods or delivery of services. Procure to Pay represents a streamlined and ordered sequence of procurement and financial processes, encompassing every step from the initial requisition to the ultimate payment.

This structured P2P process unfolds with the requisitioning of goods or services, followed by the procurement phase, receipt of the acquired items, financial transactions, and concludes with accounting procedures.

Learn more about Ivalua's Procure-to-Pay solutions.