P2P-S2PProcure-to-Pay is used to describe the processes that start with demand for a good or service and end with payment of the Supplier. It usually includes the following activities:

  1. Selecting goods or services required
  2. Requisition
  3. Approval
  4. Purchase Order
  5. Goods and / or Services receipt
  6. Invoice receipt
  7. Invoice verification and matching (with PO and / or Goods / Services receipt
  8. Payment