Specifically, we’ll lay out an end-to-end workflow that shows the specific technology options, how those tools integrate, and how data will securely flow from one end of the process to the other. In this post, we’ll illustrate the possibilities of automating the entire P2P process-all the way from procurement to accounts payable (AP). Procure-to-pay automation utilizes technology to help you organize, automate, and control the litany of tasks involved in the P2P process. If you’re swimming in overdue invoices, upset vendors, and tension between coworkers, there’s a light at the end of this tunnel. Lots of things can can go awry, including fraud.But for anybody who’s actually been involved in the actually P2P process, we know there are a ton of steps involved, which of course means: This process is also known as “purchase-to-pay” or “req to check.”
In order to serve your customers, you need to identify various vendors and suppliers that can help you get the job done, and of course compensate them for goods or services. Procure-to-pay (P2P) can almost be thought of as ‘the business of doing business.’
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