Conduct Periodic Reviews of Your P2P Cycle

As technology and business requirements evolve, the Procure-to-Pay (P2P) cycle needs to be revisited from time to time by Purchasing and AP to ensure it is meeting both internal needs and the needs of suppliers. Specifically: a P2P improvement team should be formed to: Define the roles and duties of the people involved in the P2P process; Develop training. Employees need to know how invoices and requests should be processed, how deviation from the process is unacceptable, and what the…