What is p2p process ?

Question

Accepted Answer

P2P process refers to the end-to-end cycle of procurement and payment activities within an organization.

P2P stands for Procure-to-Pay.
It involves the entire process from requisitioning goods or services to making the final payment.
Key steps include requisitioning, sourcing, purchasing, receiving, invoicing, and payment.
It aims to streamline and automate the procurement and payment processes, ensuring efficiency and control.
Examples of P2P software include SAP Ariba, Coupa, and Oracle Procurement Cloud.

Accepted Answer

P2p or Procure to Order, represents a manufacturing process within the business landscape. In this approach, materials or components are not acquired or purchased until a customer order or forecast demand for the particular finished product is confirmed.

Accepted Answer

P2p is the full cycle of action and event that a business engaged in when they are required goods and services from outsider suppliers.

What is p2p process ?

Top Genpact Accounts Payable Process Developer interview questions & answers

Top HR questions asked in Genpact Accounts Payable Process Developer