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  • Procure To Pay Process

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    Michelle Tan
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    The document discusses the procure to pay (P2P) process, including an overview of the key areas involved such as procurement, vendor management, purchase orders, goods receipt, invoice payment, and year-end processes. It notes the importance of having clarity in policies, procedures, and cross-department interfaces for the P2P process. Stakeholders from various departments should be involved to automate the process and reduce workload by 80% while minimizing errors.

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    P2P Slides

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    The document discusses the procure to pay (P2P) process, including an overview of the key areas involved such as procurement, vendor management, purchase orders, goods receipt, invoice payment, and year-end processes. It notes the importance of having clarity in policies, procedures, and cross-department interfaces for the P2P process. Stakeholders from various departments should be involved to automate the process and reduce workload by 80% while minimizing errors.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views8 pages

    Procure To Pay Process

    Uploaded by

    Michelle Tan
    The document discusses the procure to pay (P2P) process, including an overview of the key areas involved such as procurement, vendor management, purchase orders, goods receipt, invoice payment, and year-end processes. It notes the importance of having clarity in policies, procedures, and cross-department interfaces for the P2P process. Stakeholders from various departments should be involved to automate the process and reduce workload by 80% while minimizing errors.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    Procure to Pay Process P2P

    Isnt P2P = EAM ?


    P2P Process Policy People & Procedure Conceptual Cross System view Cross Dept view Online & Offline Disregard System EAM System Standard Enablement Detailed Interface view Functional view Online System Specific

    After EAM
    Inventory Interface Variations & Exceptions Company wide standards

    Finance Interface
    Challenges

    Procurement Universe
    SOR Mgmt Vendor Mgmt Procurement P2P Inventory Equipment Risk Mgmt Year End Process

    Mgmt

    Procurement Universe
    Vendor Mgmt Procurement P2P Inventory Equipment

    Mgmt

    Budgeting Purchase Requisition Tender Purchase Order SOR Mgmt Goods Receive (Inventory ) Invoice Payment verification Year End Payment approval Invoice Process Payment Invoice Bank Reconciliation Accruals Fixed Assets treatment GL entries treatment IP vs FA treatment Risk Mgmt Asset under construction Scenarios Utility billing Advance payment Claims Recurring bills Phased payments & deliveries

    Is it beneficial ?
    Example of a Capex Flow What is the objective : Reduce workload 80/20 rule Reduce errors in procedure Identify business risk What is the deliverables : Clarity in policy Clarity in procedure Clarity in cross department interface Specification for automation

    Who should be involved


    Stakeholders Operations Marcom IT Admin Finance IAM

    People
    Structure Business Lead Steering Committee Working Committee

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