P2P - Oracle Cloud/Fusion Procure to Pay (P2P) Setups and Process Flow

 

P2P - Oracle Cloud/Fusion Procure to Pay (P2P) Setups and Process Flow

Pre-requisite Setups P2P Process:

1. Employee/User – Supervisor Setup

2. Buyer Setup

3. Supplier Setups

a. Supplier

b. Supplier Address

c. Supplier Sites

d. Supplier Contacts

4. Payment Setups

a. Payment Templates

b. Payment Formats

c. Payment Document

d. Payment Process Profile (PPP)

e. Payment Process Request Template (Optional)

5. Approval Setups

a. Requisition Approval

b. Purchase Document Approval

c. AP Invoice Approval

P2P Process Flow:

01. Create Requisitions

02. Approve Requisitions

03. Create Purchase Orders

04. Approve Purchase Orders

05. Receive Goods

06. Create Payables invoice with Match PO Lines

07. Invoice Payment to Supplier with Electronic Method

08. Transfer Payables data to General Ledger

09. Transfer Payments data to General Ledger

10. Verify the Journal Batches