Dictionary term

Procure-to-Pay (P2P)

The process through which an organization requests, approves, purchases, receives, and pays for goods or services.

The process through which an organization requests, approves, purchases, receives, and pays for goods or services.

Why Procure-to-Pay (P2P) matters

Understanding this term helps teams align sales, operations, finance, and technology around how business customers evaluate, purchase, and receive products or services.