Procure to Pay

The Procure-to-Pay (P2P) process is a set of integrated actions and events a company or business adopts to procure the required goods or service order from an outside supplier. The P2P process involves a number of sequential stages, ranging from need identification to invoice approval and vendor payment.

The process flow of Procure to Pay is as follows:

• Identify Needs
• Create Purchase Requisition
• Generate Purchase Order
• Receive Purchase Order Approval
• Issue Goods Receipt
• Receive and Review Vendor Invoice