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History for Procure to Pay (history as of 05/14/2014 10:37:49)

Procure-to-pay is a term used in the software industry to designate a specific subdivision of the procurement process.

The procure-to-pay systems enable the integration of purchasing department with account payables department. Some of the largest players of the software industry such as Oracle, SAP, ARIBA or B-PACK agree on a common definition of procure-to-pay, linking the procurement process and financial department. These steps are included in this definition:

  • Supply management


  • Cart or requisition


  • Purchase order


  • Receiving


  • Invoice reconciliation


  • Accounts payable


  

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