Cryptocurrency Q&A
What is the difference between procure-to-pay P2P and accounts payable?
What is the difference between procure-to-pay P2P and accounts payable?
DaeguDiva
Wed Jan 08 2025
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7 answers
2012
I'm trying to understand the difference between procure-to-pay, or P2P, and accounts payable. I know they both involve payment processes, but what exactly sets them apart?
7 answers
EnchantedSoul
Fri Jan 10 2025
It begins with the receipt of invoices from suppliers for goods and services received.
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Leonardo
Fri Jan 10 2025
Accounts payable (AP) encompasses a range of activities related to the management of invoices.
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BlockProducer
Thu Jan 09 2025
Payment of invoices is a crucial aspect of AP, as it involves disbursing funds to suppliers in a timely and accurate manner.
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MatthewThomas
Thu Jan 09 2025
Upon receipt, these invoices undergo processing, which involves verifying their accuracy and authenticity.
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Lucia
Thu Jan 09 2025
In the broader context of peer-to-peer (P2P) transactions, AP represents a specific subset of activities.
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