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.
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
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