Procure-to-Pay (P2P)

A combination of the e-procurement and AP Automation/I2P markets spanning the procurement process, including automation of purchase requisitions/orders, receipts, invoices and payments.

Why Invest in Procure-to-Pay Technology?

Integrated P2P solutions help procurement and finance by implementing sourced contracts to actually deliver value, reduce paper-based processes and improve operational efficiency and effectiveness (e.g., reduced late payments, optimized working capital, minimized risk and non-compliance) — including the ability to configure and deploy more complex invoicing (e.g., by country), cash management and trade financing processes.

Uniform experience

Ensuring a uniform employee (and supplier) experience from the intake and e-procurement process through AP automation and supplier payment.

Systems that work together

Smooth connections between P2P and adjacent solutions (and supplier disconnect too), such as sourcing/category management, contract management, inventory management, budget management and supplier information management.

Value realization

Making sure that the potential value created in the sourcing/category management and CLM processes are actually realized in the P2P execution process.

Top 5 Procure-to-Pay Tech Capabilities

Learn more about P2P tech capabilities and discover the importance of capabilities in your technology selection.

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Spend Matters intelligence helps you identify which solutions enable you to:

Select a unified P2P UX with a common UI and harmonized data model that enables integration across the full ‘downstream’ part of the source-to-pay process while complying with and integrating to the ‘upstream’ source-to-contract process.

Support the ordering, invoicing and payments aspect of an integrated source-to-pay system to enable the full integration potential of solutions internally and with suppliers for all spend and supplier types.

Centrally manage suppliers through a common e-procurement, receiving, invoicing and [potentially] payments system.

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