Procure to Pay, or P2P for short, is the term used to describe system-based automation of procurement processes, enabling users to easily make business to business (B2B) purchases.
In simple terms, a P2P system enables the integration of a purchasing department with the accounts payable department meaning you can easily manage buying, approvals, compliance, payments, and food suppliers across the entire supply chain.
From the initial approval of an order, placing an order, receiving an order and finally, through to the invoicing and delivery of the goods or services, P2P systems create efficiencies throughout every facet of the purchasing journey. It also means front-line teams have one simple system where they can place and manage all their orders with full procurement, processing and payment visibility, removing the need for phone or email orders.
No matter your role in the food procurement journey, whether it be financial, operational, culinary or anything in between, P2P systems streamline the entire purchasing process. Many businesses in the food and hospitality industry would be lost without it:
P2P systems come in all shapes and sizes, and are sometimes even referred to as eProcurement systems, but here at Foodbuy we’re fortunate enough to own the food and hospitality industry’s leading system in Epsys.
Over the years, our in-house systems team have pushed the boundaries when it comes to P2P and eProcurement systems development. In fact, Epsys is so much more than procure to pay. It also includes several bespoke modules like: Recipe building, stock management, sustainability reporting, industry benchmarking, allergen control and much more.
If you would like to know more about our systems, please contact us here to setup a system demo with a member of our team or to start an initial conversation.