P2P

In a business with only 90 employees, it's easy for AP to maintain verbal communication with purchasing. "I am surprised when I hear that it takes some AP managers 30 or more days to resolve an issue

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A procure-to-pay process is most efficient when both ends share information. The procurement department uses accounts payable’s data to perform spend analysis, while AP uses procurement’s data to… Read More

Few things are as satisfying as when bitter rivals put aside their differences for the common good. Britain and France, the United Stated and Russia, Humans and Klingons. Good things happen when… Read More

Although most AP professionals could probably write a book on the challenges of working through problem invoices, Proactis, in its Spend Control Management report, lists three major outcomes of a

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Purchase-to-pay–or P2P–covers the functions of requisitioning, purchasing, receiving, paying, and accounting for goods and services. In a highly-functioning, best-practice P2P process, all those

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Purchase to Pay (P2P) is a topic on the minds of organizations across a wide spectrum of industries. In this article, we explore the observations of Tom Finn of HealthcareMatters.com and John Zangari

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Glitches can occur with any P2P process , and can be caused by a number of factors. "P2P challenges are not unusual, and should be expected," reports Pete Loughlin of Purchasing Insight. For… Read More

In a nutshell, purchase-to-pay, or P2P, is the flow of an order–from the time that an order is sent to a supplier, to the fulfillment of the order, and ultimately, to the payment for the product.

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In the pursuit of better transaction processing (low cost and supportive of cash management strategy), centralization is a first step. Centralizing into a shared services center has been a goal of… Read More

Vendors, in an effort to get paid in a timely fashion, often offer 1/10 net 30 or 2/10 net 30 discount terms. That translates into a one or two percent discount if paid within 10 days. If the invoice… Read More