The purchase-to-pay process includes the events surrounding the sale of goods to a customer, the recognition of revenue, and the collection of the customer payment.

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The purchase-to-pay process is the process of purchasing goods or services from suppliers, from requisitioning through to payment. It does not involve the sale of goods to a customer. The process that involves the sale of goods to a customer, revenue recognition, and payment collection is known as the order-to-cash process.

The Purchase-To-Pay Process Includes the Events Surrounding the Sale of Goods