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  2. In a P2P (peer-to-peer) network, participants have equal roles and functionalities1. The key roles and responsibilities in a P2P context include2:
    • Managing and optimizing P2P processes
    • Overseeing purchasing, accounts payable, and travel and expense functions
    • Developing and implementing P2P policies and procedures
    • Ensuring compliance with P2P policies
    • Managing relationships with suppliers and stakeholders
    • Driving process improvements in the P2P function
    Peers in a P2P network can have two different roles: client and server3. As a client, a peer requests data from other peers, while as a server, a peer provides data to other peers. Peers can also act as both clients and servers simultaneously.
    Learn more:
    In a pure P2P network, all participating peers have equal roles and functionalities. Each peer contributes resources, such as files or computing power, and can directly communicate and share with peers. These networks typically lack a central authority or server, relying on decentralized protocols and algorithms for coordination.
    bytebeam.io/blog/explore-p2p-iot-platform/
    Manage and optimize the company's P2P processes Oversee the purchasing, accounts payable, and travel and expense functions Develop and implement P2P policies and procedures Ensure compliance with P2P policies and procedures Manage relationships with suppliers and other stakeholders Drive process improvements in the P2P function
    Peers on a P2P network typically have two different roles: client and server. As a client, a peer requests data from other peers on the network. As a server, a peer provides data to other peers. Peers can also act as both clients and servers at the same time, allowing them to both request and provide data on the network.
    maxresumes.com/interview-questions/top-23-p2p-p…
     
  3. People also ask
    What is P2P & how does it work?It involves a series of steps, including identifying the need for a product or service, selecting a supplier, negotiating terms, creating a purchase order, receiving the goods or services, and processing payment. P2P is an essential function for businesses, as it ensures that they have the necessary resources to operate efficiently.
    What does a P2P process owner do?Compliance and Risk Management: The P2P process owner ensures that all activities within the process adhere to legal, regulatory, and organizational compliance requirements. This involves managing risk associated with vendor selection, contracts, and payment processes, and implementing controls to mitigate potential issues.
    What makes a successful P2P process?Stakeholder Collaboration: Collaboration is key in the P2P process. The process owner interacts with various stakeholders, including procurement teams, accounts payable, suppliers, and internal business units. Effective communication and collaboration ensure alignment, smooth information flow, and a unified approach to achieving P2P goals.
    What is an example of a P2P process?An example of a P2P process is when an organization identifies a need for a product or service, creates a purchase requisition, obtains approvals, issues a purchase order, receives the goods or services, verifies the invoice against the purchase order and receipt, and proceeds to make the payment to the supplier. 4. What is the P2P payment process?
     
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