* All fees are exclusive of vat
** PREMIUM - Customize your learning experience
This course provides guidance to the user on policies and procedures for Accounts Payable, Purchasing and Travel, as well as the order and payment processes. Users will learn to complete on-line Purchase Requisitions (PReqs) to outside vendors, eBuy orders, catalog orders, eVouchers and the receiving of goods and services. This training also provides an overview on how to obtain information from the Accounts Payable/Purchasing (APPO) web pages and ProTrav.
What Do Participants Learn?
Understanding the P2P cycle and all aspects of the cycle.
Understanding the importance of establishing business partnerships with across the cycle and best practices for electronic invoice payment and presentation
Implementing the strategies for best practice for purchase order and non-purchase order payments.
Understanding the methodologies to increase working capital and conclude with a focus on the power of strategic sourcing processes.
Who Should Attend?
Tendering and IT Specialists
What Will the Learning Experience Include?
Comprehensive pre-program activities include:
Web-based information forms & surveys completed by attendee.
Direct consultation with the attendee about the expectations.
During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
Participants learn from expert trainers who have both academic and business experiences.
Highly applicable training content & instructive activities for adding depth to training topics.
**A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Explore & Practice
Apply & sustain the learning experience by using this ongoing support:
To ensure participant has new skills or behavior progress.
Optional, fee-based mentoring & coaching with the trainer.
Training materials & additional documents (e-books, pdf files, presentations and articles)
Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
Advantages and benefits of developing a coherent, integrated end-to-end process
Process ownership, scope, alignment, and management
Process mapping from recognition of need through settlement
The processes: procurement / receipt of goods / accounts payable / payment
Types and use of commercial credit cards in the process
Compliance issues and regulatory reporting
Cash management: working capital management, payment methodologies, terms and discounts, and other tools
Vendor management: ownership, vendor selection, relationship management, customer service, and the vendor master file
Internal controls, fraud and risk management policies, procedures, and fraud prevention