What Does Procure-to-Pay Mean?
Procure-to-pay is a term used to describe a system that connects all of the steps of a procurement process, from the decision to buy something to the eventual transaction.
Techopedia Explains Procure-to-Pay
The fundamental basis of procure-to-pay is that there is one single streamlined and efficient process that covers every step of procurement. That means there is a lot of leeway in how procure-to-pay systems are set up and implemented.
