Procure to Pay (P2P) risks are the risks associated with the procurement and payment processes within an organization. This includes the risks associated with the procurement of goods and services, the management of supplier relationships, and the payment of invoices. P2P risks can be broadly categorized into financial, operational, and compliance risks. Financial risks include the risk of overpaying suppliers, the risk of not paying suppliers on time, and the risk of fraud. Operational risks include the risk of incorrect or incomplete invoices, the risk of incorrect goods or services being procured, and the risk of delays in the procurement process. Compliance risks include the risk of non-compliance with laws and regulations, the risk of non-compliance with internal policies and procedures, and the risk of non-compliance with contractual obligations. P2P risks can have a significant impact on an organization’s bottom line, so it is important for organizations to identify and manage these risks effectively. By implementing effective risk management processes, organizations can reduce the likelihood of these risks occurring and minimize their impact if they do occur.