P2P: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Extend to cover peer-to-peer lending. Source: The Treasurer, December 2015, p9.) |
imported>Doug Williamson (Amended sub-headings to house style) |
||
| Line 3: | Line 3: | ||
== Purchase-to-Pay cycle == | === Purchase-to-Pay cycle === | ||
The purchase-to-pay cycle is about the trade finance cycle between an organisation and its suppliers. | The purchase-to-pay cycle is about the trade finance cycle between an organisation and its suppliers. | ||
| Line 11: | Line 11: | ||
== Peer-to-peer lending == | ===Peer-to-peer lending === | ||
Direct lending and borrowing between non-financial businesses, contrasted with traditional bank-based lending. | Direct lending and borrowing between non-financial businesses, contrasted with traditional bank-based lending. | ||
Revision as of 12:26, 11 February 2016
- Purchase-to-Pay
- Peer-to-peer
Purchase-to-Pay cycle
The purchase-to-pay cycle is about the trade finance cycle between an organisation and its suppliers.
The primary concerns of the purchasing organisation are normally with:
- Mitigating delivery risk
- Extending the payment cycle as far as commercially reasonable.
Peer-to-peer lending
Direct lending and borrowing between non-financial businesses, contrasted with traditional bank-based lending.
