In this quick guide, we'll explore answers to the following question: Let's examine the basic steps in a modern P2P cycle, their inefficiencies, and how modern, AI-empowered software solutions can integrate with leading ERP platforms for success and savings. As businesses grow and operate at a greater scale, P2P and related accounts payable processes must transition from simple paper-based workflows into sprawling efforts that often demand automation and computer aids. This cycle describes the steps that a company must take to procure the items and pay the appropriate remittance to the supplier, less any discounts and adjustments.Īlthough simple in theory, the modern P2P cycle for enterprise-level businesses is a highly complex undertaking with many moving parts. "Procure to pay," or P2P, is the full cycle of actions and events that a business engages in when they require goods or services from an outside supplier.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |