Procure to pay cycle

From ACT Wiki
Revision as of 19:18, 3 September 2024 by Doug (talk | contribs) (Mend link.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

(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