As businesses increasingly focus on efficiency and cost-cutting, the need for knowledgeable procure-to-pay (P2P) professionals who can streamline procurement and accounts payable (AP) continues to grow. Supply chain disruptions have also intensified the spotlight on procurement as a critical area for improvement. Skilled P2P professionals can deliver cost savings and a competitive edge to their employers by streamlining necessary business functions and improving operational efficiency. Additionally, the market for procurement software is projected to grow significantly in the coming years, which in turn will require highly skilled individuals who understand the P2P process and the role of rapidly evolving technology within it.
This P2P training program is designed to equip you with the skills necessary to operate within an aligned procurement/AP function. You will master the fundamentals of every step of the P2P process, including procurement, vendor master file management, receipt of goods/services, and accounts payable. Your P2P certification course also covers cash and risk management to protect your organization and the role of technology in the P2P process. Upon completing the P2P course, you will be prepared to take a 90-minute, 100-question multiple-choice exam to demonstrate your ability to manage the P2P process and earn the Accredited Procure-to-Pay Specialist (APPS) designation from the Institute of Finance and Management (IOFM).
Instructor(s):Judy Bicking
Judy Bicking, APM, is a Senior Trainer for IOFM and a 27-year veteran of Johnson & Johnson. She is a recognized pioneer and leader in Procure-to-Pay and Credit Management. After a career in AR and AP management, Judy leads the development and implementation of J&J's two Shared Service Centers, located in the U.S and Europe. These shared services handle over 2.5 million invoices across 200 decentralized companies.
Requirements:
Hardware Requirements:
- This course can be taken on either a PC or Mac. Chromebooks are not compatible.
Software Requirements:
- PC: Windows 10 or later.
- Mac: macOS 12 or later.
- Browser: The latest version of Google Chrome or Mozilla Firefox is preferred. Microsoft Edge and Safari are also compatible.
- Microsoft Word Online
- Adobe Acrobat Reader
- Software must be installed and fully operational before the course begins.
Other:
- Email capabilities and access to a personal email account.
Instructional Material Requirements:
The instructional materials required for this course are included in enrollment and will be available online.
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Lesson 1
- The Procure-to-Pay Expenditure Cycle
- Procurement – How Organizations Buy Goods and Services
- Vendor Management and the Vendor Master File
- Receipt of Goods and Services
- Accounts Payable
- Cash Management
- Risk Management
- Automation
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