What is Oracle P2P Process?

[admin]

Hi All,
The following is the P2P (Procure to Pay) process,

1 - Purchase Requisition
2 - Request for Quotation (RFQ)
3 - Supplier
4 - Quotation
5 - Purchase Order
6 - Receipts
7 - Invoice
8 - Payment

the modules involved in this setup are,

1 - General Ledger
2 - Accounts Payable
3 - Cash Management (if bank reconciliation is required)
4 - Fixed Assets (if Fixed Assets are purchased and handled in the system)
5 - Inventory
6 - Purchasing
7 - Human Resources

Hope it will give good concepts to new comers. Thanks