Procure-to-invoice (P2I)

Procure-to-invoice (P2I) is a specialized subset within the broader procure-to-pay process that specifically focuses on the seamless integration of procurement activities up to the generation and processing of invoices. This streamlined approach encompasses key stages, starting with the creation of a purchase requisition, followed by order confirmation, goods receipt entry, invoice entry, thorough verification, and eventual release.

Within the Procure-to-invoice framework, organizations aim to optimize efficiency, accuracy, and transparency in the procurement lifecycle. By concentrating on these specific stages, businesses can enhance their control over the procurement process, ensuring that all transactions align with organizational policies and compliance standards.

Learn more about Ivalua's Procure-to-Pay solutions.