B2P (Budget-to-Pay) is a framework that enables finance and procurement to jointly drive cost reduction initiatives from the budgeting process to invoice matching and payment. During the annual budget-setting process, procurement works closely with finance to establish control towers that set targets for each budget control area. The framework takes the next step beyond S2P (Supplier-to-Pay) by helping procurement jointly develop cost control measures with finance, as opposed to simply collaborating on the impact of an organization's P&L cost reductions. It helps finance gain better control, establish a more proactive, fluid budgeting process, maintain higher visibility of data across finance systems and business processes, and help ensure greater accuracy between budgets, P.O.s, and payables.
