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‘Procure to Pay’ Overview

This course covers vendor master maintenance, creation of purchase orders, posting of goods receipts and more.
4.6
4.6/5
(112 reviews)
337 students
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4.1

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Feedback

9.0

Content

Platform: Udemy
Video: 47m
Language: English
Next start: On Demand

Table of contents

Description

Procurement to Payment can be a significant workflow in any business. For the workflow to work effectively, each team involved; Procurement; Sourcing and Purchasing, Receiving, Vendor Master, Accounts Payable and Payment Processing and Treasury should have an understanding of the entire flow. 
In this presentation, we will review the basics of Procurement. In most businesses, nothing can be ordered until a supplier has been set up in the Vendor Master Maintenance system. The words Sourcing and Purchasing may be interchangeable or have different meanings in your organization.
The receiving of goods and services and the Posting of Goods Receipts against Purchase Orders can be more critical in some businesses than the processing of invoices. Auditing of aged receipts will also be covered.
Return of product to a supplier also needs to be tracked in order to ensure recovery of funds or receipt of replacement product.  We will explore some options on how that can be done in your organization.
Although Accounts Payable is toward the end of the work stream, their role is no less critical.  They need to ensure costs are posted promptly and accurately, that payments are made timely and that vendor relations are not negatively impacted while complying with best business practices; Compliance Policies, Segregation of Duties, Delegation of Authority, tax liabilities and other business specific rules.

You will learn

✓ Identify the components of the Procure to Pay work stream.
✓ Identify the benefits of creating a Purchase Order (PO).
✓ Explore the accounting transaction booked when a Goods Receipt is posted to a Purchase Order.
✓ Recognize the pros and cons and differences between PO and Non PO invoices.
✓ Explore the use of Purchasing Cards, printing a check, wire transfers and Automatic Clearing House payments.

Requirements

• No advanced preparation or prerequisites are needed for this course.

This course is for

• Anyone in finance, accounting or related fields.

How much does the 'Procure to Pay' Overview course cost? Is it worth it?

The course costs $14.99. And currently there is a 40% discount on the original price of the course, which was $24.99. So you save $10 if you enroll the course now.
The average price is $24.7 of 57 Procurement courses. So this course is 39% cheaper than the average Procurement course on Udemy.

Does the 'Procure to Pay' Overview course have a money back guarantee or refund policy?

YES, ‘Procure to Pay’ Overview has a 30-day money back guarantee. The 30-day refund policy is designed to allow students to study without risk.

Are there any SCHOLARSHIPS for this course?

Currently we could not find a scholarship for the 'Procure to Pay' Overview course, but there is a $10 discount from the original price ($24.99). So the current price is just $14.99.

Who is the instructor? Is Illumeo Learning a SCAM or a TRUSTED instructor?

Illumeo Learning has created 413 courses that got 21,469 reviews which are generally positive. Illumeo Learning has taught 66,986 students and received a 4.1 average review out of 21,469 reviews. Depending on the information available, Illumeo Learning is a TRUSTED instructor.
Condensed and Efficient Courses for Busy Professionals
Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.
Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.
Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.
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Platform: Udemy
Video: 47m
Language: English
Next start: On Demand

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