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