About this Course
Procure to Pay process which is also known as P2P cycle is followed by any organization in any ERP system if they would like purchase any products (it could raw materials, office supplies, infrastructure etc). Of course when there is a purchase there should be a payment. This entire process of purchasing a product and making payment for that product to supplier is called procure to pay process.
Procure to Pay Life Cycle is one of the important Process in Oracle Applications R12. Procure to Pay means Procuring Raw Materials required to manufacture the final or finished Goods from a Supplier to Paying the Supplier from whom the material was purchased. But this process is not just two steps. It involves many steps. Let’s see the steps and Oracle Application R12 involved in performing those steps.