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Purchase-to-Pay

Understanding the Difference Between P2P and On-Time Delivery Control for Indirect Spend

Understanding the Difference Between P2P and On-Time Delivery Control for Indirect Spend P2P (Purchase-to-Pay) and On-Time Delivery Control systems are often mistaken as being identical, but in fact, they are fundamentally different. P2P is the financial processes connecting purchasing to invoice settlement whereas On-Time Delivery Control ensures the on-time delivery of purchases. Neither system competes with the other, but instead are entirely complementary. When implemented together, ...
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Understanding the Benefits of P2P for Indirect Spend

Understanding the Benefits of P2P for Indirect Spend P2P, or Purchase to Pay / Procure to Pay, is one of many industry terms referring to systems that link purchasing to accounts payable. An efficient P2P system can improve your company’s risk management, compliance, cost control and bottom line. What Is P2P? P2P refers to fully integrated business processes that covers the end-to-end activities of requesting (or requisitioning), receiving, and paying for goods and services. Procur...
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