How P2P can Pay Off – Suppy & Demand Chain Executive

How P2P can Pay Off – Suppy & Demand Chain Executive

By: Ronnie Garrett

Article Originally Published on March 25, 2016 in Supply & Demand Chain Executive

Procure-to-pay (P2P) should be a simple process. The purchasing manager orders an item, the product or raw material arrives as ordered and on time, and the accounts payable team receives an invoice and pays it promptly. Unfortunately, the process is anything but easy. Companies often place this behind-the-scenes effort on the back burner where procurement, approvals, invoice validation, accounts payable and spend analytics become disjointed activities performed manually, and often inaccurately.

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