Purchase to Pay (also referred to as “Procure to Pay”)

The term “Purchase to Pay” (abbreviated as P2P) refers to the entire process of raising a “purchase” order, through to the process used during which time that order is “paid” for. The full purchase to pay process can include several steps, including the optional use of a requisition, approval of documentation, sending the completed purchase or to the supplier, receiving delivery confirmation, and processing the associated invoice for payment. On Tradogram, the entire purchase to pay cycle can be managed on the system, with the possibility for custom approval workflows to be configured based on different categories, departments, price thresholds, and other criteria.