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  3. What is Procure to Pay

What is Procure to Pay

This course offers detailed insights into the P2P cycle, covering the journey from procurement initiation to the final payment, and unveiling the critical role it plays in operational excellence.

Manish Gupta
Manish Gupta
Business | core | 1 hour 15 minutes |   Published: Jun 2024
In partnership with:  Coursera

    Discussions

Overview

1KSTUDENTS*
93.6%RECOMMEND*

This course includes:

  • 75 minutes of on-demand video  
  • Certificate of completion  
  • Direct access/chat with the instructor 
  • 100% self-paced online 
In today's complex business landscape, an efficient Procure to Pay (P2P) process is pivotal for enhancing organizational efficiency and financial health. This course offers detailed insights into the P2P cycle, covering the journey from procurement initiation to the final payment, and unveiling the critical role it plays in operational excellence. Through this course, learners will gain insights into optimizing procurement strategies, strengthening supplier relationships, and achieving cost efficiencies. By leveraging advanced technologies and best practices, participants will be equipped to transform their P2P processes, resulting in streamlined operations, minimized errors, and improved compliance.

Skills You Will Gain

Cost Efficiency
Operational Excellence
Procure to Pay
Procurement Strategies
Supplier Relationships

Learning Outcomes (At the end of this program you will be able to)

  • Analyze the comprehensive Procure to Pay cycle. 
  • Design strategies to optimize the P2P process for achieving cost efficiencies. 
  • Integrate technology and automation to streamline processes. 
  • Evaluate and improve procurement strategies to streamline procurement tasks and payments. 

Prerequisites

Basic understanding of supply chain management and financial processes.

Who Should Attend

Procurement Officers, Financial Analysts, Supply Chain Managers, and Business Owners

 

 

 

Curriculum

Instructors

Frequently Asked Questions

How much do the courses at Starweaver cost?

We offer flexible payment options to make learning accessible for everyone. With our Pay-As-You-Go plan, you can pay for each course individually. Alternatively, our Subscription-Based plan provides you with unlimited access to all courses for a monthly or yearly fee.

Do you offer any certifications upon completion of a course at Starweaver?

Yes, we do offer a certification upon completion of our course to showcase your newly acquired skills and expertise.

Does Starweaver offer any free courses or trials?

No, we don't offer any free courses, but we do offer 5-day trial only on our subscriptions-based plans.

Are Starweaver's courses designed for beginners or advanced students?

Our course is designed with three levels to cater to your learning needs - Core, Intermediate, and Advanced. You can choose the level that best suits your knowledge and skillset to enhance your learning experience.

What payment options are available for Starweaver courses?

We accept various payment methods such as major credit cards, PayPal, wire transfer, and company purchase orders. For more information related to payments contact customer support.

Do you offer refunds?

Yes, we do offer a 100% refund guarantee for our courses within a specified time frame. If you are not satisfied with the course, contact our customer support team to request a refund with your order details. Some restrictions may apply.

*Where courses have been offered multiple times, the “# Students” includes all students who have enrolled. The “%Recommended” shown is also based on this data.
1Module 1: Introduction to Procure to Pay
2Module 2: Streamlining the Procurement Process
3Module 3: Efficient Invoice Management and Payment
Manish Gupta

Manish Gupta

Manish is a seasoned finance and business management professional with over 15 years of experience in the hospitality industry. As the Chief Financial Officer at Htoo Hospitality, he oversees operations across six destinations and 15 hotels, managing an inventory of over 800 rooms and a workforce of 1,500+. In addition to his CFO responsibilities, he also serves as the acting CEO and head of business, leading strategic initiatives, financial planning, and the post-COVID reopening of key hotels. His expertise includes implementing ERP systems, financial planning processes, and data visualization tools to optimize hotel performance and efficiency.

A passionate advocate for learning and development, Manish is the founder of eHotel Management School, an online platform offering over 30 courses in hospitality management. With a global student base of over 100,000, his mission is to empower one million professionals in finance, business management, and technology. He has also authored a comprehensive guide on budgeting and forecasting principles for hospitality and collaborates with platforms like Coursera and Alison as an instructor. Through his work, he continues to drive innovation, lean management, and knowledge-sharing in the hospitality sector, equipping professionals with the skills needed to thrive in a dynamic industry.

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Segment 05 - Strategic Sourcing and Vendor Management 

Segment 06 - Purchase Orders and Procurement 

Segment 07 - Receiving and Verification 

Segment 01 - Introduction and Welcome

Segment 02 - Understanding Procure to Pay

Segment 03 - Key Components of P2P

Segment 04 - Benefits of an Optimized P2P Process

Segment 08 - Invoice Processing 

Segment 09 - Payment Strategies 

Segment 10 - Leveraging Technology in P2P 

Segment 11 - Congratulations and What's Next?