Purchasing Insight - Insights into Purchase to Pay, Electronic Invoicing and Financial Supply Chain Management Purchase to Pay (P2P) most often refers to internal requisition, approval, order, receipt and payment process – the policies and processes that define how things are bought and paid for. But P2P represents much more. Purchase to Pay represents a 21st century approach to supply chain management, to collaboration and to cash management. It allows businesses to secure closer and more sustainable relationships with supply chain partners on both the buy side and sell side. It facilitates and makes possible new ways of working that allows greater visibility of spend and tighter spend management. It offers innovative approaches to cash management that leverages P2P technology to generate cash management savings. P2P doesn’t just reduce the cost of the purchasing process. P2P doesn’t just reduce the cost of invoicing. It reduces the cost of doing business.
