![]() Product naming does have a lot to do with both the ‘indicative’ value and search engine optimization. You probably won’t be surprised to know that Google is also involved in this terminology deathmatch. Is there a difference then if you use Source to Pay, Purchase to Pay or Procure to Pay terminology? As someone who has managed Analyst Relations and submitted to multiple MQ and Wave reports, I can tell you the differences are negligible. The report now uses Procure to Pay terminology. Today, they have blended the two into a single e-Procurement Wave with Gartner. ![]() Forrester, similarly, focused on Electronic Invoice Presentment and Payment (EIPP) and e-Procurement. Reports, like Gartner’s Magic Quadrant, were split into two separate pieces. At that time still, AP didn’t talk to Procurement, and vice versa. At that time vendors in the space were lobbying analysts, like Gartner and Forrester, trying to convince them that Accounts Payable (AP) and Procurement solutions were connected. ![]() I started working with Purchase-to-Pay (P2P) in early 2007. But first, let me share some background, as I’ve come to know it over the last thirteen years in the industry. In this blog, I have listed some definitions, which hopefully give you something to work with. If you ask ten people to explain the differences, you might get ten different answers - if not more. Can you explain the differences between sourcing, purchasing, and procure to pay? With confidence? If not, well, you are not alone. ![]()
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