Understanding the Differences Between Source-to-Payment and Procure-to-Payment Software
Understanding the Differences Between Source-to-Payment and Procure-to-Payment Software
Managing procurement and payment processes efficiently is crucial for maintaining operational excellence, financial health and control. Two types of software systems that play crucial roles in these processes are Source-to-Payment (S2P) and Procure-to-Payment (P2P) software. While these software systems may seem similar, they serve different functions and address distinct aspects of the procurement and payment lifecycle. Here’s a closer look at the differences between S2P and P2P software:
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