Please provide me the the difference between Procure to
Pay(P2P),Buy to Pay(B2P)and Invoice to Pay(I2P)
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Answer Posted / akram khan
p2p means procure to pay
its include the day where we are raise the required
reqvisation
there five steps in this area
1. raise the ticket regarding requirment
2. issue the po( purchase order) of the requested material
3. receive the material which we issue the PO (purchase
order)
4. receive the invoice agaist of material recieved
5. enter the invoice in AP through miro
6. pay the invoice amount according to the payment Trem.by
cash or by cheque or by transfer.
B2P (Buy to pay )Means you can see take the points from 3rd
point to end.
I2P ( INVOICE TO PAY ) Means you take the 4th point to end.
I2P
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