About Procure to Pay Business process

Typical Procure to Pay processes integrate with other business processes and generate accounting entries through pre-defined journal entry templates.

This journals lines further create summarized Ledger accounting entries Journals are created manually, uploaded using Excel, ETLs or sometime auto created, like allocations entries.

Journals and Accounting Entries are often not required for Financial Reports, however, these accounting entries are critical for analytics, detail analysis and provide a detail drill down for enhance GL analytics. GIven these accounting entries, its possible to predict Organization Finance growth with more accuracy.

Business Process diagram

Technical Process Diagram