Asked in Genpact and 20 others
Explain the P2P process and its accounting impact.
AnswerBot
14d
P2P, or Procure-to-Pay, is a process that encompasses the entire procurement cycle from purchasing to payment.
P2P includes steps like requisition, purchase order creation, receiving goods/services, an...read more
Anonymous
1y
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 de...read more
Kirti Pandey
1y
Procure-to-pay is the process of integrating purchasing and accounts payable systems to create greater efficiencies. It exists within the larger procurement management process and involves four key st...read more
Anonymous
1y
P2p is the full cycle of action and event that a business engaged in when they are required goods and services from outsider suppliers.
Anonymous
1y
P2P process has 3 sub-processes: 1. procurement 2. Inventory Management 3. Logistics Invoice Verification. In procurement, we create Purchase Requisition, convert it to purchase order In inventory man...read more
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