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Procure to Pay (P2P) Specialist (Exam Cost Included)

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Procure to Pay (P2P) Specialist (Exam Cost Included)

Master the fundamentals of every step of the P2P process, including procurement, vendor master file management, receipt of goods/services, and accounts payable. You will also prepare to earn the Accredited Procure-to-Pay Specialist (APPS) designation from the Institute of Finance and Management (IOFM).

$1,395.00 (USD)

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schedule
                                35 Course Hrs
                            

                                Code
                                    GES2163
                            
calendar_today
                                3 Months
                            
grid_onOpen enrollment
speedSelf paced

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Overview
Objective
Syllabus
Requirements
Prerequisites
Instructor
FAQs

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Overview

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).

Objective

What you will learn

Understand the fundamentals of the P2P process, including procurement, vendor master file management, receipt of goods and services, and accounts payable
Discover how to manage cash flow and risk within the P2P process to protect your organization
Review the role of automation and technology in the P2P process

How you will benefit

Earn a certification from IOFM, a recognized and respected authority in financial operations
Advance your career in P2P or the related fields of procurement, AP, shared services, or financial operations management by demonstrating a high level of expertise in P2P
Stand out as an attractive job candidate with valuable skills that will help to improve efficiency and generate savings for any organization

Syllabus

Requirements

Prerequisites

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Instructor

FAQs

What are procure to pay roles and responsibilities?

According to Indeed.com, procurement specialists build vendor relationships to secure the best prices on products for their company, as well as these other responsibilities:

Purchase goods or services that meet the quantity and quality expectations of the organization
Evaluate and negotiate contracts with vendors
Track inventory and restock goods when needed
Stay up to date on industry trends and new products
Compare available goods with industry trends to determine appropriate pricing

What is the average P2P specialist salary?

According to Glassdoor, the average salary for a P2P specialist is $57,115, while the average salary for a P2P manager is $71,711. As the procurement landscape grows increasingly complex and companies seek to create efficiencies, skilled P2P professionals can leverage in-demand technical and strategic skills to increase their compensation.

Does this course prepare you for a certification?

Yes. You will be prepared to take the exam to earn the Accredited Procure-to-Pay Specialist (APPS) designation from the Institute of Finance and Management (IOFM).

How long does it take to complete this course?

After you register, you will receive three (3) months to complete the course. The time allotted for completion has been calculated based on the number of course hours.

When can I start this course?

This course is open enrollment, so you can register and start the course whenever you are ready. Access to your course can take 24-48 business hours.

What if I don't have enough time to complete the course within the time frame provided?

The time allotted for course completion has been calculated based on the number of course hours. However, if you are unable to complete the course, contact the student advising team to see what options you may have available to work out a suitable completion date. Please note that an extension fee may be charged.

What kind of support will I receive?

Our courses are designed to accommodate various learning preferences. Depending on the course structure, you may get different forms of support. Self-paced courses are designed to be user-friendly and independent, minimizing the need for external support. In courses with instructors, our direct platform support feature includes opportunities for questions, discussions, and remediation, with email and phone support available for select courses. Our student advising team is available to guide you on program requirements and administrative requests, but they do not provide assistance with course content. Our goal is to provide you with the necessary support for success, whether it's through self-paced exploration, direct communication, or guidance from our advising team.