What is Purchase-to-Pay?
Purchase-to-pay (also known as P2P, procure-to-pay, or req-to-check) refers to business processes that cover requisitioning, purchasing, confirming, receiving, paying for, and accounting for goods and services. The transactional volume is often high and each step within the processes is a potential source of errors. This makes P2P a good target for process mining, which brings visibility to the entire end-to-end process and identifies root causes for problems.
Purchase-to-pay & Process Mining
Through process mining you'll effectively find the business segments with the biggest improvement potential. You'll be able to tell which dimensions, such as vendor, purchasing organization, currency, or PO type, affect the P2P process the most, whether for good or bad.
If you'd like to know why your incoming invoices are not always connected to purchase orders, why your organization's three-way matching doesn't work the way it should, or what exactly leads to slow processing of invoices that excludes you from getting significant cash discounts, download the below brochure to get started with putting your processes in order.
See below QPR ProcessAnalyzer visualizes P2P process and extends the process flowchart with cutting-edge analytics.