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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