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

GuideERP integrationConnecting the procurement channel to the ERP so requisitions, orders and invoices flow between systems without manual re-keying.GuideProcure-to-payThe operational cycle that turns an approved need into a purchase order, a delivery, a matched invoice and a payment.SolutionE-Procurement Platform in MalaysiaWhat an e-procurement platform is, a capability checklist to evaluate one — catalogue, approvals, budget controls, three-way matching, punchout — how rollouts work, and where Lapasar fits.SolutionProcure-to-Pay Software in MalaysiaProcure-to-pay software for Malaysia — one connected flow from requisition to payment, with approvals, three-way matching and credit terms for buyers.SolutionProcurement Automation Software in MalaysiaAutomate purchasing in Malaysia — replace manual requisitions and email approvals with AI-driven workflows for categorisation, GL coding and price benchmarking.TemplateProcurement SOP TemplateAn editable Word and PDF standard operating procedure covering the buying process from requisition to payment.ComparisonLapasar vs e-procurement softwareCompare Lapasar's free AI-first procurement software and connected sourcing marketplace with standalone e-procurement: approvals, audit trails and supply.ResearchThe Hidden Cost of Manual Procurement in Malaysian EnterprisesWhat manual purchase orders really cost Malaysian enterprises — USD 30–506 per PO, millions in hidden overhead, and new Government Procurement Act 2025 exposure.GlossaryAccrualsAccruals are accounting entries that recognise expenses which have been incurred but not yet invoiced, so costs appear in the correct period.GlossaryApproval WorkflowAn approval workflow is the defined sequence of authorisations a purchase must pass through before it can proceed, based on rules such as value or category.GlossaryBack OrderA back order is an order for goods that cannot be fulfilled immediately because they are out of stock, to be delivered when stock is replenished.GuideCatalogue managementCurating the products, prices and data buyers order from — the foundation that makes catalogue and marketplace buying fast, accurate and compliant.ToolCost per Purchase Order CalculatorFind out what each purchase order costs you to process.ToolE-Procurement ROI CalculatorModel the net benefit and payback period of an e-procurement rollout.ToolFree Procurement Tools & TemplatesEvery Lapasar procurement calculator plus editable RFQ, purchase order, policy and evaluation templates.
Back to the procurement glossary

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Operating model · diagram

  1. 01

    AI-first software

    AI-first procurement software for long-tail spend

  2. 02

    Live marketplace

    A live B2B marketplace

  3. 03

    Human services

    Human sourcing and support

  4. 04

    Optional add-on

    Fulfilment support for merchants