Procure-to-pay is a term that refers to a solution intended to control a portion of the procurement process. Procure-to-pay systems allow organizations to streamline efforts between their purchasing department and account payables department.
Typically, procure-to-pay solutions focus on the procurement process after sourcing has been completed. This differs from Source-to-Pay solutions which manage and control the entire procurement process from sourcing to accounts payable and financial reconciliation.
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