What is Procure-to-Pay (P2P)?

procure to pay

Procure to Pay encompasses all business functions necessary to obtain goods and services using procurement processes and procedures including: executing procurement requirements, strategy, procurement award and management, receipt and acceptance, entitlement, disbursement and closeout.  According to the Defense Procurement and Acquisition Policy (DPAP), Procure-to-Pay encompasses all business functions necessary to obtain goods and services using procurement processes and procedures including: executing procurement requirements, strategy, procurement award and management, receipt and acceptance, entitlement, disbursement and closeout.

Having the ability to trace contract expenditures and obligations for supplies and services back to the budget streams which funded them allows Government leadership, and the American taxpayer, to understand which Defense contract vehicles are being used to execute specific funds. To achieve this level of transparency, procurement and financial systems participating in the P2P process must capture specific data “keys” that will be used to link information contained in disparate systems.

 

Procure-to-Pay E2E Views: http://www.dcmo.defense.gov/products-and-services/business-enterprise-architecture/9.0/reports/bealist_e2eviews_246810.htm

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