Purchase-to-pay

Purchase-to-pay

Purchase-to-pay

Procurement process

Purchase-to-pay, often abbreviated to P2P and also called req to check/cheque, refers to the business processes that cover activities of requesting (requisitioning), purchasing, receiving, paying for and accounting for goods and services. Most organisations have a formal process and specialist staff to control this activity so that spending is not wasteful or fraudulent.[1]

References

  1. [1]
    W van der Aalst (2019), "Structuring Behavior or Not, That is the Question", The Art of Structuring, Springer, pp. 221–226


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