Procure to Pay Professional Course Table of Contents

Table of Contents

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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