Procure To Pay is another business process in sap which is managed in Material management module. Accounting documents generated in procure to pay business process are integrated with financial accounting module of sap.
Processes Of PTP
- Request for goods
- Create purchase order based on the request of goods
- Approve the purchase order / release the purchase order
- Goods receipt from vendor
- Invoice receipt from vendor
- Payment to vendor
PTP starts from procurement requirement and ends at payment to the vendor from whom you have procured these goods.
PTP business processes is linked to Financial Accounting module of SAP. Accounting document are created at the relevant points of the business process and posted to financial accounting module to record it in sap.
