Procure-To-Pay describes the complete process within an organization that covers the acquisition of goods and services, from initial requisition to final payment. This encompasses sourcing, ordering, receiving, and processing invoices. Implementing blockchain technology can streamline this process by providing immutable records and automated smart contract execution.
Context
The current discussion surrounding Procure-To-Pay in the context of digital assets focuses on leveraging blockchain for greater transparency, efficiency, and auditability in supply chains and enterprise resource planning. The situation involves integrating distributed ledger technology with existing legacy systems. Future developments will likely include wider adoption of blockchain-based solutions for automated procurement, reducing fraud and operational costs across industries.
The acquisition embeds stablecoin-based settlement and FX into core AR/AP workflows, driving T+0 liquidity and mitigating cross-border intermediary costs for the enterprise network.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
