P2P: Play the Game, and Don't Drop the Ball!

In a nutshell, purchase-to-pay, or P2P, is the flow of an order–from the time that an order is sent to a supplier, to the fulfillment of the order, and ultimately, to the payment for the product.

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The key to efficiency is close coordination between purchasing and AP. Coordination between the two departments minimizes the number of “touches” along the invoice journey. Processes such as electronic invoicing; pay-on-receipt; vendor-prepared service receipts; and e-invoice consolidation (combi