Procure to pay cycle

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Revision as of 10:44, 9 January 2019 by imported>Doug Williamson (Expand definition.)
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(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'.


See also