Procure to pay cycle: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source: GSCFF Standard Definitions.) |
imported>Doug Williamson (Expand definition.) |
||
| Line 1: | Line 1: | ||
(P2P). | (P2P). | ||
The procure | 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'. | The procure to pay cycle is sometimes known as the 'purchase to pay cycle'. | ||
| Line 13: | Line 16: | ||
*[[Purchase to pay cycle]] | *[[Purchase to pay cycle]] | ||
*[[Trade finance]] | *[[Trade finance]] | ||
[[Category:The_business_context]] | |||
[[Category:Trade_finance]] | |||
Latest revision as of 10:44, 9 January 2019
(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'.
