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Product ID: 387210EAU
 
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Procure-to-Pay (P2P) Best Practices

OnDemand Webinar (75 minutes)

The P2P Best Practices audio conference will provide an overview of the P2P cycle and all aspects of the cycle. This program will discuss the importance of establishing business partnerships with across the cycle and best practices for electronic invoice payment and presentation EIPP.

This course will focus on implementing the strategies for best practice for purchase order and non-purchase order payments. The program will look at methodologies to increase working capital and conclude with a focus on the power of strategic sourcing processes. This is a practical audio conference that provides several ideas for improving the P2P process.

Authors

Chris Doxey, CAPP, CCSA, CICA, Business Strategy, Inc.

Agenda

Introduction to the P2P Process

  • The P2P Supply Chain

The P2P Business Partnership With Accounts Payable

Electronic Invoice Payment and Presentation - EIPP

  • Payment Best Practices Strategies

- Payment Terms and Cash Flow Considerations

- Payment Methods

- Payment Cost Analysis Summary

Best Practice Strategies for Non-PO Transactions

Increasing Working Capital

  • Opportunities for Reducing Costs

Strategic Sourcing Processes

Questions and Answers