Sometime shortly after the phrase “P2P” was born, we managed to collectively forget what the second “P” meant. A friendly reminder: it stands for “pay.” Rather than spanning the length of a transaction from an initial order to payment to a vendor, P2P became known (while companies wrote RFPs for solutions and as vendors marketed tools) as the combination of eProcurement and e-invoicing. This duo, while extremely valuable, doesn’t exactly impact payment all that much (if at all). But payment matters much more than most folks we talk to in procurement think.
10 Reasons For Procurement to Work With Payments (Part 1) [PRO]
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