P2I (Procure-To-Invoice)

Procure-To-Invoice (P2I) is an essential part of the procurement cycle that ensures every step involved in procuring goods or services is completed as quickly and efficiently as possible. P2I includes tasks such as creating purchase orders, tracking incoming shipments, verifying invoices, approving payment for goods/services received, and closing out purchase orders once the items have been received and paid for. By streamlining the steps in the procurement process, P2I reduces costs and improves accuracy, resulting in a more efficient and organized procurement system for businesses.