The Procure to Pay business process is an official business definition that outlines the process of purchasing goods and services from external vendors and paying for them. It involves a series of steps that begin with the identification of the need for goods or services, the selection of a vendor, the creation of a purchase order, the receipt of goods or services, the verification of the invoice, and the payment of the invoice. This process is essential for any business, as it ensures that goods and services are purchased in a timely and cost-effective manner, while also ensuring that all vendors are paid in a timely and accurate manner. The Procure to Pay process is an important part of any business’s financial management system, as it helps to ensure that all purchases are properly accounted for and that all vendors are paid on time.