Procure to pay cycle

(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

• Payables management
• Creditor days
• Customer-to-cash
• Order to cash cycle
• Purchase to pay cycle
• Trade finance