Procure-to-Pay (P2P) Processing
Course Overview:
Order-to-Cash (O2C) Training
Designing a course for Procure-to-Pay (P2P) Processing – Invoice Processing Operations Managers requires a comprehensive approach that covers the essential components of the P2P process, focusing on invoice processing and operations management. The objectives of the course are to understand the end-to-end Procure-to-Pay process, manage invoice processing operations effectively, identify and resolve common issues and challenges in P2P, and implement best practices for optimizing P2P processes.
Course Content Outline:
Module | Topic | Sub-Topic | Estimated Hours |
1 | Introduction to Procure- to-Pay Process | Introduction to Procure-to- Pay (P2P) | 2 |
Definition and importance of P2P | |||
Overview of P2P lifecycle | |||
2 | Key Components of P2P | Requisitioning | 3 |
Purchasing | |||
Receiving | |||
Invoice processing | |||
Payment Processing | |||
Supplier Helpdesk | |||
Time and Expenses (T&E) | |||
3 | Invoice Processing Fundamentals | Invoice Processing Receipt and Capture | 6 |
Invoice receipt methods | |||
Invoice scanning and data capture | |||
Invoice Rejection | |||
Accounting Entries for invoice recording | |||
How VAT is processed in invoice processing. For India specific, how is GST and TDS considered | |||
Invoice validation and approval | |||
4 | Invoice Processing and Matching | Invoice matching with purchase orders and receipts | 3 |
Handling discrepancies and exceptions | |||
Invoice approval workflow | |||
Way matching processing | |||
Tolerance /Threshold limits for PO invoice processing | |||
5 | Operations Management in P2P | Operations Management in P2P | 7 |
Vendor onboarding and setup | |||
Vendor performance evaluation | |||
Vendor relationship management | |||
Vendor Amendment Process | |||
Types of Vendor Amendment | |||
Foxtrol Control | |||
Key foxtrol Controls in vendor management | |||
6 | Operational Metrics and KPIs | Operational Metrics and KPIs | 5 |
Key performance indicators (KPIs) for P2P | |||
Metrics for invoice processing efficiency | |||
Reporting and analysis | |||
7 | Compliance, Controls, and Automation | Compliance and Controls | 8 |
Regulatory compliance (e.g., tax, audit) | |||
Internal controls and policies | |||
Fraud prevention and detection | |||
8 | Microsoft Excel and Soft Skills | Introduction of MS Excel | 5 |
Navigation Formula & Functions | |||
Formatting | |||
Cell Referencing, Sorting & Filtering | |||
Autofill and Autocomplete | |||
Pivot chart and table | |||
Sumif(), countif(), Subtotal(), group() and ungroup() | |||
9 | Soft Skills | 3 | |
Grammar concepts- Rules and Usage | |||
Total Hours | 42 |
Additional Components:
- Practical Exercises: Hands-on exercises and case studies to reinforce learning.
- Assessments: Quizzes and tests to evaluate participants’ understanding and knowledge retention.
- Discussion Forums: Opportunities for participants to discuss challenges, share experiences, and learn from each other.
- Course Materials: Comprehensive course materials, including presentations, handouts, and reference guides.
This course is specifically designed for candidates with locomotor disabilities who graduated in 2022, 2023, or 2024. It provides a structured approach to understanding the Procure-to-Pay process, with a focus on invoice processing operations management, ensuring that participants gain the necessary knowledge and skills to excel as Procure-to-Pay process Associate Specialists.
Key Benefits:
- Upskill in critical business processes.
- Job opportunities within the corporation upon successful completion.
Eligibility:
Graduates with B.Com, M.Com, or BBA degrees.
Course Calendar
Contact details :
Contact: trainings@giftabled.org
Call/WhatsApp: 8897187124 / 9606033919