The 'R' in P2P

By Pam Miller, APMD The absence of an “R” (for receiving) in the term "procure-to-pay" (P2P), symbolizes the state of receiving in many organizations. While receiving is a function that has evolved over time, it is often overlooked or operating inefficiently. Effective Receiving Is the Foundation of Effective P2P The fact is, accurate and timely receiving is critical to the success of any P2P organization as a whole, and certainly to AP. For purchasing, information such as fill rates and…