P2P (Procure to pay or Purchase to pay)

Procure to pay or purchase to pay or P2P is the process of acquiring and managing the raw materials required to manufacture a particular product or provide a service. It requires a two way data-one that is processed to the suppliers and the other that is related to the actual order and payment for the product or/and service. Thus, it is the process of purchasing goods involving the primary decision, the criteria of choosing the goods, and the transaction made for the same.

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