Purchase to Pay
Purchase to Pay / Purchase-to-Pay (short: P2P) is an End-to-End process (short: E2E) on level 1. It ranges from controling of invoices including the receipt and check of products and services. Additonally, management of payments from vendors is included as well.
Digital processes refer to processes that the company uses to implement digitalization. Based on this, it is used for the internal digitalization. Usually they are implemented based on a business process map on different levels (e.g. level 1-5). Processes designed on level 1 are End-to-End (E2E) processes. Business Process Management (BPM) is the methodology to design and manage digital processes.Why this is interesting for a Chief Digital Officer (CDO)?
End-to-end processes (E2E) are the operational foundation of any company. In order to be able to design them, modelling and management are essential. Accordingly, trade and manufacturing industries have different requirements for Level 1 processes. The most common processes can be found here in the glossary.
See also (glossary End-to-End processes (E2E)):
- End to End process (E2E)
- Account to Report (A2R)
- Architecture of integrated information systems (ARIS)
- Digital processes
- Forecast to Plan (F2P)
- Manage to Activate (M2A)
- Order to Cash (O2C)
- Plan to Produce (PL2P)
- Project to Decomission (P2D)
- Purchase to Pay (P2P)