Subprocesses of the procure-to-pay process include ________.
A) collecting the payment
B) creating customer records
C) price and terms negotiations
D) creating customer satisfaction
E) speeding up the collection process

Question

Quizplus · Accepted Answer

The procure-to-pay process includes activities such as identifying the need for goods or services, selecting a vendor, negotiating prices and terms, creating a purchase order, receiving the goods or services, approving an invoice, and making payment. Therefore, price and terms negotiations are one of the subprocesses of this process. Collecting the payment and speeding up the collection process are part of the accounts receivable process, while creating customer records and satisfaction are part of the customer relationship management process.

Subprocesses of the Procure-To-Pay Process Include ________