Purchase to pay cycle: Difference between revisions
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Revision as of 13:57, 20 June 2016
(P2P).
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.
The purchase to pay cycle is sometimes known as the 'procure to pay cycle'.
