Purchase-to-pay
From HandWiki
Short description: Procurement process
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| Purchase-to-pay |
Purchase-to-pay, often abbreviated to P2P and also called req to check/cheque, refers to the business processes that cover activities of requesting (requisitioning), purchasing, receiving, paying for and accounting for goods and services. Most organisations have a formal process and specialist staff to control this activity so that spending is not wasteful or fraudulent.[1]
References
- ↑ W van der Aalst (2019), "Structuring Behavior or Not, That is the Question", The Art of Structuring (Springer): pp. 221–226
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