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End to End AP Process
Explain End to End AP Process?


  
Total Answers and Comments: 1 Last Update: October 04, 2009     Asked by: Devaraj_patil 
  
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 Best Rated Answer
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Submitted by: chinnaguntupalli
 

Accounts Payable process starts with Purchasing and ends payments to Vendors. Workflow is: Purchasing team recieve requests-Initiate for quotations from vendors-Purchasing team creates Purchase Order, once the quotation is finalized and obtained all required approvals-PO copy would be sent to Vendor-Vendor will raise invoice and submit to accounts payable-Accounts Payable key invoice into ERP-Once the invoice fall on due invoice will get paid.

As this process start with Procurement (P) and ends with Payments (P), hence this process also named as to P2P.



Above answer was rated as good by the following members:
mullicka
October 04, 2009 12:46:24   #1  
chinnaguntupalli Member Since: September 2009   Contribution: 15    
RE: End to End AP Process

Accounts Payable process starts with Purchasing and ends payments to Vendors. Workflow is: Purchasing team recieve requests-Initiate for quotations from vendors-Purchasing team creates Purchase Order once the quotation is finalized and obtained all required approvals-PO copy would be sent to Vendor-Vendor will raise invoice and submit to accounts payable-Accounts Payable key invoice into ERP-Once the invoice fall on due invoice will get paid.

As this process start with Procurement (P) and ends with Payments (P) hence this process also named as to P2P.


 
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Explain End to End AP Process? 
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