Procure-to-pay (P2P), Purchase-to-Pay, eProcurement. Whatever the name, these solutions all share essentially the same goal. That is, to simplify, automate, integrate and accelerate processes related to each stage of the purchasing cycle — catalogs, requisitions, invoicing, receiving and payments management — to solve business challenges.
An advanced, technology-based procure-to-pay strategy and process is one of the most effective ways to increase savings, risk and spend control, compliance, process efficiency and, ultimately, bottom-line impact. We designed the Determine P2P 101 Guide to be a clear, concise primer on what constitutes an end-to-end procurement process, and what capabilities you and your team need at each stage to achieve continuous, repeatable purchase-to-pay results.
In this P2P 101 Guide you’ll learn:
- What a procurement holistic process looks like along with its component stages
- How a P2P solution helps organizations manage their purchasing activities more efficiently and effectively
- What it takes to gain spend control and visibility in order to reduce costs and eliminate maverick spend
- How you can achieve greater purchase compliance to realize revenue more quickly and mitigate enterprise risk
Whether you’re looking to upgrade your procurement solution or want a P2P process that’s integrated into an end-to-end source-to-pay cloud platform, download your P2P 101 Guide to learn what leading organizations already know.