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P2P, or Procure-to-Pay, in the context of SAP refers to the integrated process that covers the entire procurement cycle, from requisitioning goods or services to processing payments to suppliers. It encompasses various stages, including purchase requisition, purchase order creation, goods receipt, invoice verification, and payment processing. SAP provides tools and modules to streamline and automate these steps, enhancing efficiency and accuracy in procurement and financial management. This integration helps organizations maintain better control over spending and supplier relationships.

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AnswerBot

5d ago

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