Procure-to-Pay (P2P)
The end-to-end process from requisition through purchase order, goods receipt, invoice matching, and payment. P2P automation reduces cycle times, improves compliance, and provides spend visibility.
Procure-to-Pay (P2P) encompasses the entire purchasing lifecycle. It starts when a business user identifies a need and creates a requisition, and ends when the supplier is paid.
Key P2P Steps
- Requisition — user submits a purchase request
- Approval — routed through budget holders and compliance checks
- Purchase Order — formal order sent to the supplier
- Goods Receipt — confirmation that goods or services were delivered
- Invoice Matching — 2-way or 3-way match against PO and receipt
- Payment — invoice approved and payment executed
Modern P2P platforms like Coupa, SAP Ariba, and Procurify automate these steps, reducing manual effort and improving audit trails.