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 Apps Technical  |  Question 85 of 128    Print  
what is procure-to-pay cycle in oracle applications?

  
Total Answers and Comments: 2 Last Update: June 26, 2007     Asked by: poonam 
  
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January 31, 2007 23:55:43   #1  
omkar.piet Member Since: January 2007   Contribution: 1    

RE: what is procure-to-pay cycle in oracle application...
Hi all,Procure 2 Pay -> 1. Procure and Pay2. This is a cycle starts with Procure and ends with Pay 3. Procure - PR(Purchase Requisation) > approval PR > PO(Purchase Order) > Approval PO > generated PO goes to approved Supplier > get the item into the INV (Inventory).4. Pay - Make the payment against invoice in AP(Acount Payables). Thanks ,Omkar
 
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June 26, 2007 07:51:05   #2  
latha        

RE: what is procure-to-pay cycle in oracle application...
Hi

Procure to Pay is like Procuring something, preparing the Orders for the item, preparing the invoices against the orders, and making the payments for the invoice.

Here the modules involved in P to P are : Iprocurement(requisitions), Purchase Orders(PO creation), Account Payables(Invoice, Payments). And GL also part of this as we are using some set of books.

This as per my knowledge.

 
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