Purchase to Pay or Procure to Pay is a business process that covers the activities of requesting, purchasing, receiving, paying for and accounting for goods and services to a Vendor (Supplier).
The Purchase Order is the document sent from a purchaser to a vendor that authorises a purchase.
Depending on the nature of the project, sometimes a Purchase Order is raised = official confirmation of an order.
PO is the basis for month closure. Sometimes the Service provider work can be done without PO.
PAYMENT
INVOICE GENERATION
DELIVERY OF GOODS AND/OR SERVICES
ORDER/REGULAR MAINTENANCE
What is P2P?
