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Procure-to-Pay (P2P)

Vendortell
Vendortell
1 min read

Definition

Procure-to-Pay (P2P) is the end-to-end business process spanning purchase requisition, purchase order, goods receipt, invoice matching, and supplier payment. P2P is the operational transaction backbone that Contract Performance Management sits above.

Procure-to-Pay (P2P) is the end-to-end business process spanning purchase requisition, purchase order, goods receipt, invoice matching, and supplier payment. P2P is the operational transaction backbone that Contract Performance Management sits above.

The P2P chain

Requisition -> approval -> PO -> goods receipt -> invoice -> matching -> payment. Each step is typically supported by ERP or specialized procurement software. The transactional data flows through and into the ERP as the system of record.

Where CPM overlays P2P

P2P records what was bought and paid. CPM interprets that data against contract terms to verify pricing, calculate rebates, track thresholds, and flag deviations. Both operate on the same underlying transactions with different purposes.

Procure-to-Pay (P2P), procure-to-pay, p2p, procure to pay
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