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Procurify vs coupa5/27/2023 ![]() The first step in the P2P process involves realizing and defining a need within the organization for goods or services. Identifying the need for goods or services Raising a purchase order (PO) for those goods or services.ġ.Requesting a purchase (aka purchase requisition). ![]() Identifying the need for goods or services.The P2P process may differ depending on your company size and established workflows, but it always includes the following steps: ![]() A standardized procure-to-payment process allows you to save money, increase efficiency and improve supplier relationships. It includes multiple stages, from identifying needs to processing payments for products that meet those needs.Ĭompanies often use specialized software or enterprise resource planning (ERP) systems to streamline the P2P process and automate many of the steps involved in it. P2P stands for procure-to-pay and refers to the process of sourcing and purchasing goods or services from suppliers at the best possible price for value.
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