Certified Procure to Pay Professional

How It Works

  1. 1. Select Certification & Register
  2. 2. Receive Online e-Learning Access (LMS)
  3. 3. Take exam online anywhere, anytime
  4. 4. Get certified & Increase Employability

Test Details

  • Duration: 60 minutes
  • No. of questions: 50
  • Maximum marks: 50, Passing marks: 25 (50%).
  • There is NO negative marking in this module.
  • Online exam.

Benefits of Certification

$49.00 /-

Procure-to-pay integrates purchase and accounts payable systems for more operational and strategic efficiencies. An effective Procure-to-Pay process is of great strategic value to an organization as it integrates people, process and technology to support of organizational goals and objectives.

Procure to pay helps companies in reducing supply chain risks and costs with integration of purchase and the procurement process. Leading service providers are using advanced systems in procurement planning for a more accurate and secure process.

Why should one take Vskills Certified Procure to Pay Professional?

Procure to pay is the most sought integration being implemented across the globe for addressing  supply chain risks as faced during the COVID pandemic. Companies are looking for Procure-to-Pay (P2P) professionals to increase their supply chain, procurement and accounts payable efficiencies.

Vskills Certificate in Procure-to-Pay (P2P) provides an all-round coverage of basics, tools and techniques in successful management of Procure-to-Pay (P2P) processes in organizations.

The certification attests to your understanding as well as skills and knowledge in Procure-to-Pay (P2P) so that you can stand out amongst your peers thus, gaining better career prospects.

The certification covers

  • Procure-to-Pay Basics
  • P2P Procurement Process
  • P2P Risk Management
  • P2P Automation
  • P2P Performance Management

Who will benefit from taking Certified Procure to Pay Professional?

Procurement managers, Purchase Executives, Accounts professionals, Managers, Engineers, Team Leads, Senior professionals will benefit immensely by opting for Vskills Certified Procure to Pay Professional to gain an edge in the Procure-to-Pay (P2P) against their colleagues.

Students taking the certification also gain by showcasing their understanding of Procure-to-Pay (P2P) and are able to increase their job opportunities.

Procure-to-Pay (P2P) Table of Contents

https://www.vskills.in/certification/procure-to-pay-professional-course-table-of-contents

Procure-to-Pay (P2P) Practice Questions

https://www.vskills.in/practice/procure-to-pay-professional-practice-questions

Procure-to-Pay (P2P) Tutorials

https://www.vskills.in/certification/tutorial/procure-to-pay-professional-tutorial

Procure-to-Pay (P2P) Interview Questions

https://www.vskills.in/interview-questions/procure-to-pay-professional-interview-questions

Companies that hire Vskills Certified Procure to Pay Professionals

Procure-to-Pay (P2P) professionals are in great demand in procurement and accounting departments of companies. Corporates, MNCs hire Procure-to-Pay (P2P) professionals for managing their Procure-to-Pay (P2P) related tasks. Companies employing Procure-to-Pay (P2P) professionals include Genpact, Accenture, Siemens, IBM, Unilever, Amex, Deloitte, Wipro, TCS, etc.

Procure-to-Pay (P2P) Jobs

Checkout the various job openings for Procure-to-Pay (P2P) Professionals, click here..

Procure-to-Pay (P2P) Internships

Vskills runs its flagship internship programme where bright interns work with academic council, click to know more details..

Apply for Vskills Certified Procure to Pay Professional Certification

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TABLE OF CONTENT

Procure-to-Pay Basics

  • Definition and Importance of P2P
  • Overview of the P2P cycle
  • Key Components of Procure-to-Pay
  • Benefits of an Effective Procure-to-Pay (P2P) Process
  • Common Challenges in Procure-to-Pay (P2P)
  • The Procure-to-Pay Process
  • Procure-to-pay Platforms

P2P Procurement Process

  • What is Procurement Management
  • The Procurement Process
  • Procurement and its role in organizations under procure to pay
  • Make or Buy Analysis
  • Procurement Process under Procure to Pay
  • What Goods or Services are Required
  • Sourcing Strategies
  • Supplier Management
  • Contract Basics
  • Global Sourcing
  • E-procurement

P2P Vendor Management

  • Supplier Strategy
  • System of Vendor Evaluation
  • Parameters for Evaluation of Vendors Performance
  • Social Audit
  • Total Evaluation
  • The Process of Vendor Selection
  • Vendor Negotiation
  • Steps in Negotiating Contracts
  • Guidelines for Purchases through Tender and Negotiations
  • Strategies for Favorable Contract Terms and Conditions
  • Purchase Review
  • Supplier Relationship Management (SRM)
  • P2P Placing Orders Process

Contract Management

  • Contract Definition
  • Contract Elements
  • Indian Contract Act
  • Contract Management
  • Contract Lifecycle Management
  • Automating Contract Management
  • Change Management
  • Contract Compliance
  • Procurement and Contract Management
  • Purchase & Tender procedure
  • Commercial Disputes
  • Alternative Dispute Resolution Technique

P2P Receipt of Goods and Services

  • What is P2P Receipt of Goods and Services
  • Receipt Methods
  • Goods Inspection
  • Goods Acceptance
  • Goods Rejection and Returns
  • Services Receipt
  • Recording Receipt in the P2P System
  • Invoice Matching
  • Discrepancy Resolution
  • Audit and Compliance
  • Industry Examples and Case Study

P2P Cash Management

  • Overview of P2P Cash Management
  • Cash Flow Forecasting
  • Cash Flow Optimization
  • Working Capital Management
  • Payment Terms and Negotiation
  • Cash Management Policies and Procedures
  • Cash Pooling and Sweeping
  • Use of Technology in Cash Management
  • Fraud Prevention and Detection
  • Monitoring and Reporting

P2P Risk Management

  • Introduction to P2P Risk Management
  • Types of Risks in P2P
  • Risk Assessment and Analysis
  • Risk Mitigation Strategies
  • Supplier Risk Management
  • Contract Risk Management
  • Compliance Risk Management
  • Technology Risk Management
  • Fraud Risk Management
  • Risk Monitoring and Reporting

P2P Transition and Implementation

  • Introduction to P2P Transition and Implementation
  • Planning for P2P Implementation
  • Change Management
  • System Selection and Configuration
  • Data Migration
  • Training and Education
  • Testing and Quality Assurance
  • Go-Live and Deployment
  • Post-Implementation Review
  • Continuous Improvement

P2P Automation

  • Introduction to P2P Automation
  • Types of Automation in P2P
  • Technologies for P2P Automation
  • Implementation of P2P Automation
  • Integration with Existing Systems
  • Benefits of P2P Automation
  • Challenges and Considerations
  • Future Trends in P2P Automation

P2P Performance Management

  • Introduction to P2P Performance Management
  • Key Performance Indicators (KPIs) for P2P
  • Performance Measurement Tools and Techniques
  • Performance Improvement Strategies
  • Supplier Performance Management
  • Process Optimization
  • Employee Performance and Training
  • Compliance Monitoring
  • Continuous Monitoring and Reporting

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