Vendors in Procure-to-Pay (P2P)

A combination of the e-procurement and the invoice-to-pay (I2P) markets. Solution suites and supporting services span the procurement process, including automation of purchase requisitions/orders, receipts, invoices and payments. These systems will offer some level of master data management for suppliers, catalogs, contracts etc., and may also provide additional functionality in such areas as working capital optimization (e.g., dynamic discounts and trade finance integration), expense management, tactical sourcing, and category/industry-specific functionality.