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.

Why selecting the right P2P Technology can be difficult

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.

Read Now
top capabilities chart for p2p

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.

Discover Vendors

Research vendors and consultants serving the procurement and supply chain industry by using the Spend Matters comprehensive, free vendor directory.

Start a Vendor Search

Compare Vendors

Want all the ins and outs of a vendor? Directly assess the capabilities of digital procurement solutions, conduct comparisons and identify key differentiators.

Compare Now