What is Procure to Pay
Learn the fundamentals of Procure to Pay process, from procurement initiation to payment, and optimize your organization's P2P cycle.
Learn the fundamentals of Procure to Pay process, from procurement initiation to payment, and optimize your organization's P2P cycle.
This comprehensive course explores the Procure to Pay (P2P) process, a critical component in modern business operations. Students learn to navigate the complete P2P cycle, from initial procurement to final payment, while understanding its vital role in organizational efficiency. The course covers strategic sourcing, vendor management, purchase order processing, and payment optimization. Through practical insights and real-world applications, participants discover how to leverage technology and best practices to streamline operations, minimize errors, and improve compliance. The course emphasizes both theoretical knowledge and practical implementation strategies.
Instructors:
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What you'll learn
Master the complete Procure to Pay cycle and its components
Optimize procurement strategies for cost efficiency
Implement effective vendor management practices
Streamline purchase order and invoice processing
Leverage technology to automate P2P processes
Ensure compliance and risk management in procurement
Skills you'll gain
This course includes:
47 Minutes PreRecorded video
1 assignment, 3 discussion prompts
Access on Mobile, Desktop
FullTime access
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There is 1 module in this course
This course provides a comprehensive introduction to the Procure to Pay (P2P) process, essential for modern business operations. The curriculum covers the entire P2P cycle, including strategic sourcing, vendor management, purchase orders, receiving, invoice processing, and payment strategies. Students learn how to optimize procurement processes, leverage technology for efficiency, and implement best practices for cost reduction and compliance.
What is Procure to Pay
Module 1 · 1 Hours to complete
Fee Structure
Payment options
Financial Aid
Instructor
Expert in Hospitality Finance and Business Management
Manish Gupta brings over 15 years of expertise in hospitality finance and business management, currently serving as CFO and acting CEO at Htoo Hospitality where he manages a portfolio of six destinations and 15 hotels, overseeing 800+ rooms and a workforce exceeding 1,500 employees. As the founder of eHotel Management School, he has developed and delivered more than 30 comprehensive courses that have benefited over 100,000 students globally. His expertise includes implementing ERP systems, developing financial planning processes, and utilizing data visualization tools to optimize hotel operations and performance. His post-COVID leadership demonstrates strong crisis management and business recovery capabilities. Through partnerships with platforms like Coursera and Alison, he extends his expertise as a course instructor, covering topics from hospitality finance to business strategies. His teaching methodology combines theoretical foundations with practical industry applications, focusing on innovation and lean management principles. His mission centers on empowering one million professionals in finance, business management, and technology, contributing to the advancement of the hospitality sector through education and strategic guidance.
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Frequently asked questions
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