P2P process cycle describes the complete life cycle of a purchase-to-pay (P2P) transaction. Put simply, it’s a sequence of activities that form the backbone for any business’ procurement process. Starting from the initial request for a product or service, through to its delivery and the payment associated with it, P2P process cycle outlines each step in the journey. Each part of the process is critical to ensuring smooth supplier relations and timely deliveries. By understanding this cycle, you can ensure your business has visibility into every aspect of your procurement practices – making way for stronger partnerships and smoother operations!