Oracle ERP has two important process flows that define day to day activities across multiple modules.
- Procure to Pay (P2P)
- Order to Cash (OTC)
Procure to Pay Process commonly known as P2P is the process of procuring items based on necessity, paying for the goods or services procured and accounting the monetary transactions that take place during the above mentioned process. More about P2P Process can be found here.
Order to Cash Process commonly known as OTC is the process of selling the goods or services, shipping the aforementioned goods and accounting of the monetary transactions that take place during the above mentioned process. More about OTC process can be found here.