Basics of Procure to Pay Process (Indenting, PR to PO, Receiving process)
Process to pay is the process coordinated and integrated action plan to fill fill all requirement goods and services
. We know that also name of P2P process involves a number of sequential stage
That is
identify needs, Create Requestion, Requestion approval, Create PO, Purchase Order Approval, Goods Received, Supplier Performance, Invoice Approval and Vendor Payment
Identify need the needs for the product or service is a identified. Once a valid needs is
identify document in a stick out the high level specific for goods products and term of reference
Create Purchase Request
When you identify the product and services you can create the purchase request.
Requestion can be created for any type of procurement from a standard purchase to subcontractor and consignment
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