Sap p2p Cycle

understand the process of procuring the material and payment to vendor.As a sap mm consultant P2P cycle plays an very important to understand this concepts.

training class include complete understanding p2p cycle with two to three real time examples.

Procure to pay," or P2P, is the full cycle of actions and events that a business engages in when they require goods or services from an outside supplier. This cycle describes the steps that a company must take to procure the items and pay the appropriate remittance to the supplier, less any discounts and adjustments. 

Although simple in theory, the modern P2P cycle for enterprise-level businesses is a highly complex undertaking with many moving parts. As businesses grow and operate at a greater scale, P2P and related accounts payable processes must transition from simple paper-based workflows into sprawling efforts that often demand automation and computer aids.

Let's examine the basic steps in a modern P2P cycle, their inefficiencies, and how modern, AI-empowered software solutions can integrate with leading ERP platforms for success and savings.