Purchase-to-Pay Process

The purchase-to-pay process in an ERP system covers the entire procurement cycle, from placing a purchase order to receiving goods and paying suppliers. This process ensures that businesses manage their procurement activities efficiently and maintain good relationships with suppliers.

Steps in the Purchase-to-Pay Process:

1. Create a Purchase Order: A purchase order is generated based on demand planning and sent to the supplier.

2. Receive Goods: The supplier delivers the goods, and the ERP system updates inventory based on the goods received.

3. Invoice Matching: The supplier’s invoice is matched with the purchase order and goods receipt to ensure accuracy.

4. Make Payment: The invoice is processed for payment, and accounts payable is updated to reflect the payment made.

Pakk has built-in views for handling Purchase Order at different stages. They are fully customisable, and you can create your own too!