The official business definition of P2P Cycle In Accounts Payable is a term used to describe the steps involved in the purchase-to-pay process. This process is an integral part of the overall accounts payable function, and it is important for businesses to understand its importance and its components in order to maximize their efficiency. The P2P Cycle begins with the selection of a vendor or supplier and the initiation of a purchase order. This purchase order outlines the goods or services to be provided, the price, and any other relevant information. The purchase order is then sent to the vendor or supplier. Once the purchase order is received, the vendor or supplier sends an invoice to the company. This invoice is then reviewed and approved for payment. The approved invoice is then sent to the accounts payable department, where the payment is scheduled and processed. Finally, the vendor or supplier will receive payment and the P