High Quality Content by WIKIPEDIA articles! Procure-to-pay is a term used in the software industry to designate a specific subdivision of the procurement process. The largest players of the software industry Oracle, SAP, ARIBA agree on a common definition of procure-to-pay, linking the procurement process and financial department. Unlike purchase-to-pay systems, procure-to-pay systems do not include the function of sourcing. Also, notions of production planning and forecasting will be excluded from this definition since it relates to the supply chain management. Procure-to-pay systems are designed to provide organizations with control and visibility over the entire life-cycle of a transaction – from the way an item is ordered to the way that the final invoice is processed – providing full insight into cash-flow and financial commitments.

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