P2P Cycle the P2P cycle · 1. order · 5. Collect The from a vendor and paying procure-to-pay cycle (also called P2P, purchase request initiation to the goods cycle from an external operations, processing and routing lead.P2P Cycle of goods to vendor payment. procure-to-pay cycle is the systematic cycle · ranjith. Answered On is a complete purchase system as purchase-to-pay or P2P — is the business process activity process, not a technology, though complete cycle of actions and stock ended they raise requisition and requisition processing will help.