Purchase to Pay (P2P) is a business process that encompasses the activities involved in procuring goods or services for an organization, starting from the creation of a purchase order through to the payment for those goods or services. P2P is also commonly referred to as Procure to Pay (P2P) or Requisition to Pay (R2P). The P2P process generally includes the following steps:

1. Purchase Requisition
2. Purchase Order
3. Goods Receipt
4. Invoice Processing
5. Approval and Payment
6. Reconciliation and Reporting

By implementing an efficient P2P process, organizations can streamline procurement activities, enhance control and visibility over expenditures, reduce risks, and improve supplier relationships. Automation and digital tools are often utilized to optimize the P2P process, increasing efficiency and reducing manual intervention.