About Invoice-to-payment cycle management (P2P flow)

Invoice-to-Payment Cycle Management, also known as the Procure-to-Pay (P2P) flow, encompasses the complete process of purchasing goods or services and making timely payments to suppliers. It begins with purchase requisition and order creation, followed by goods or service receipt, invoice verification, and ends with vendor payment. This end-to-end workflow ensures seamless coordination between procurement, finance, and accounts payable teams. Effective P2P management enhances spend visibility, enforces policy compliance, optimizes cash flow, and strengthens supplier relationships. Automation of the P2P cycle reduces manual effort, minimizes errors, and accelerates the entire procure-to-pay process for greater operational efficiency.