Lapasar
Purchasing & Procure-to-Pay

Procure-to-Pay (P2P)

Also known as: P2P, Purchase-to-Pay

Procure-to-pay (P2P) is the end-to-end process that connects requisitioning and purchasing to receiving and paying for goods and services.

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P2P covers the operational cycle: a requisition is raised and approved, a purchase order is issued, goods or services are received, the invoice is matched and, finally, the supplier is paid. Automating this cycle reduces errors, speeds approvals and gives finance clear visibility of committed spend.

P2P is the operational core of the wider source-to-pay process, which also includes upstream sourcing and contracting. Integrated P2P systems and marketplaces link catalogue ordering, approvals, three-way matching and payment in one flow.

Frequently asked questions

What is procure-to-pay?
Procure-to-pay is the end-to-end cycle from raising and approving a requisition, through ordering and receiving goods, to matching the invoice and paying the supplier.
What is the difference between procure-to-pay and source-to-pay?
Procure-to-pay is the operational buying-and-paying cycle. Source-to-pay is broader — it adds the upstream sourcing and contracting steps that happen before ongoing purchasing.

Go deeper

B2B trade financing & credit terms

Explore related across the knowledge graph

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