In a typical procure-to-pay cycle, there are five stages for a business to reach a completed transaction.
Transforming Procure to Pay with Advanced Software Solutions. What Is the P2P Process in SAP When Using Kofax AP Essentials™ Integration?. The 5 Major Procure-to-Pay Process Steps. In this quick guide, we'll explore answers to the following question: Let's examine the basic steps in a modern P2P cycle, their inefficiencies, and how modern, AI-empowered software solutions can integrate with leading ERP platforms for success and savings. As businesses grow and operate at a greater scale, P2P and related accounts payable processes must transition from simple paper-based workflows into sprawling efforts that often demand automation and computer aids. 
This cycle describes the steps that a company must take to procure the items and pay the appropriate remittance to the supplier, less any discounts and adjustments.Īlthough simple in theory, the modern P2P cycle for enterprise-level businesses is a highly complex undertaking with many moving parts. The conviction to offer our customers a solution capable of meeting their ambitions in terms of applying best purchasing practices, cost optimization and return on investment."Procure to pay," or P2P, is the full cycle of actions and events that a business engages in when they require goods or services from an outside supplier.
This platform is global, modular, scalable and covers all the steps of the P2P process: Expense analysis, Sourcing, Contract Management, Procurement, Supplier Management, Invoice Management, Payment Management. Cloud solutions are easily integrated with all ERP systems, especially SAP, and are free of administrative burdens. 
It is the world's leading collaborative trade network in terms of purchasing volume and number of transactions. True to its historical strategy of partnering with leading publishers in their markets, VISEO has chosen to partner with the ARIBA collaborative purchasing platform for several reasons: Ariba also hosts other online communities where business professionals connect with each other and share information and best practices, just like friends on Facebook. This collaboration is made possible through Ariba Network - a cloud community where you can buy, sell and manage your cash flow as easily as using Amazon, eBay or PayPal. 
Every day, she helps her clients find new opportunities to reduce costs, risks and increase revenue through better collaboration with their business partners.
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