What's All This Talk About P2P?

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 business functions and departments work cooperatively toward a seamless, transparent process. In most organizations, however, "silos" exist between the accounts payable (AP) function and the purchasing function. "Without an effective partnership between...