Now let me make something crystal clear. I'm not a fan of free markets and I'm not a fan of the laissez faire capitalism that have led the western economies to the brink of collapse and I am a fan of properly funded public services...
It's standard business practice. Chase customers for payment as soon as possible and pay your suppliers as late as possible. Cash is king and in some industries - retail being a prime example - cash flow is the pivot of profitability that can make the...
I'm reading Jason Busch's series on P2P in Spend Matters and the differences between the US and Europe. It's an interesting thread and a topic that I've taken a close interest in. The European Perspective Historically the pattern has been that something gets invented or dreamed up ...
Very few definitions are definitive - if you know what I mean. Purchase to Pay, (if you prefer, Procure to Pay or P2P - they're synonymous), is one of those. // // The "official" definition of Purchase to Pay according to the Chartered Institute of Purchasing...