Purchase to Pay
Purchase to Pay(P2P) refers to a series of process that are linked together within a typical spending workflow.
P2P encompasses the buying of goods and services which includes the initial decision to make the purchase, the process of selecting the goods/services, and the transaction made to pay for the goods/services purchased. P2P is about the transactional flow of information. Not just the data that is sent to a supplier, but all of the data that surrounds the fulfillment of the order and payment for the product or service.