Introduction to Procure to Pay (P2P)
The Introduction to Procure to Pay (P2P) course provides a foundational understanding of the P2P process, a critical function in finance and supply chain management. This course explores the key concepts, process flows, and financial aspects of P2P, offering insights into its significance in business operations.
You will learn about the complete P2P cycle, from purchase requisition to payment processing, along with the essential accounting fundamentals that support it. Additionally, the course covers professional opportunities in P2P, the necessary qualifications, and the skills required to build a successful career in this field.
By the end of this course, you will have a clear understanding of the P2P workflow, its impact on financial operations, and the steps to advance in a P2P-related career. Whether you are a finance professional, a procurement specialist, or someone looking to enter this domain, this course serves as a strong starting point.
Key Takeaways:
- Understand the Procure to Pay (P2P) process and its business importance
- Learn the key steps in the P2P cycle, including purchase requisitions and purchase orders
- Gain insights into the financial and accounting fundamentals of P2P
- Explore different types of purchase orders and their significance
- Identify career opportunities, essential skills, and a learning roadmap for P2P professionals
1. Foundations of Procure to Pay (P2P)
1.1 What is Procure to Pay?
1.2 Importance of Procure to Pay
1.3 Professional Opportunities
2. Accounting Fundamentals for P2P
2.1 Accounting Fundamentals
3. Overview of the Procure to Pay Cycle
3.1 P2P Abridged Cycle
4. Purchase Requisition: The First Step in P2P
4.1 Purchase Requisition
5. The Purchase Order Process Explained
5.1 Purchase Order Process
5.2 Flow Types of Purchase Order
6. Building a Career in Procure to Pay
6.1 Minimum Qualifications
6.2 Core Skills And Traits Of Successful Professionals
6.3 Learning Roadmap
6.4 What Is The Next Step?