oboloo

oboloo Glossary

P2P Process Flow

oboloo Glossary

P2P Process Flow

The official business definition of a peer-to-peer process flow, or P2P, is a type of business process that involves direct communication between two or more parties, often with the purpose of exchanging resources or services. This system of communication is often used when traditional supply chain methods are not available or when they are too difficult or costly to use.

P2P processes are typically conducted using an online platform, such as an ecommerce website or mobile app, which allows for direct communication between the parties involved. This type of process flow is beneficial for businesses because it allows for the efficient and cost-effective transfer of funds, goods, services, and information. Additionally, because the two parties are in direct contact, there is less risk of fraud or theft since the communication is more secure. P2P process flows can also be used to negotiate contracts and agreements, and to facilitate the transfer

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971