Procure to pay cycle: Difference between revisions
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imported>Doug Williamson (Expand definition.) |
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*[[Purchase to pay cycle]] | *[[Purchase to pay cycle]] | ||
Latest revision as of 19:18, 3 September 2024
(P2P).
The procure to pay cycle is the trade finance cycle between an organisation and its suppliers.
Procure to pay is the process of obtaining, purchasing, receiving, paying for and accounting for goods and services.
The procure to pay cycle is sometimes known as the 'purchase to pay cycle'.
