Procure-to-pay (P2P)

Procure-to-Pay (P2P) is a business process that an organization undertakes for the procurement of goods or services and the subsequent payment to the vendor. This process includes defining requirements, orders, generating purchase orders, receiving goods, and making payments, all within a structured and reliable system. It is a critical process in businesses that bridges the gap between procurement and the organization's finances. The use of P2P helps streamline and enhance the efficiency of internal operations within the organization effectively.

Order to cash (O2C)

Order-to-Cash (O2C) is a business process that encompasses everything from receiving orders for products or services to collecting payments from an organization's customers. This process includes various steps related to conducting business, such as order placement, order confirmation, product or service delivery, invoice generation, billing, payment verification, payment recording, and financial data updates to align with all business transactions. O2C operations are a critical part of an organization's efficiency, helping reduce the time it takes to conduct business, improve readiness for product or service delivery, and enhance the efficiency of collecting payments from customers. This contributes to the overall success of the organization's business operations.

Financial general ledger & Asset (FIN-GL)

Financial General Ledger & Asset (FIN-GL) is the financial accounting system within an organization. Its essential functions include recording and storing financial and accounting data, categorizing assets based on their characteristics, and calculating accounting depreciation to generate accurate and reliable financial reports. FIN-GL plays a crucial role in enabling management to analyze the financial status of the organization and make efficient and confident business decisions. Additionally, it can record account statements for reconciliation purposes and generate tax reports for submission.