25. What is P2P (Procure- to- Pay) and how does it work?

May 4, 2021

Category: PROCUREMENT

P2P is a form of electronic (requisition and voucher) system to ensure that the contract and payments to be made on the contract are recorded in electronic format and also to encumber the money meant for the contract so as to avoid delays in payments, thereby ensuring timely completion of contracts.

Last modified: May 4, 2021

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