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

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$1,495.00 (USD)

As low as $73 a month with Affirm.

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

Managing cross-functionally brings a unique set of leadership challenges. This process procure-to-pay (P2P) course highlights best practices from organizations that have aligned with P2P, sharing actionable strategies you can use to improve the performance of your team.

$1,495.00 (USD)

As low as $73 a month with Affirm.

ENROLL NOW phone Call Us: 855.520.6806

schedule
                                30 Course Hrs
                            

                                Code
                                    GES2164
                            
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 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 will require highly skilled individuals who understand the P2P process and the role of rapidly evolving technology within it.

Our P2P training program is designed to equip you with the skills necessary to lead an aligned procurement/AP function, including change management and transitioning to P2P, benchmarking, and automation. Upon completing the P2P certification 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 Manager (APPM) designation from the Institute of Finance and Management (IOFM).

Objective

What you will learn

Gain best practices in procurement and accounts payable to create efficiencies in the P2P process
Understand leading organizational change and managing the transition from siloed procurement and AP functions to a streamlined P2P process
Discover how to measure and monitor performance with benchmarking data
Learn 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 showing 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

Course Syllabus

Course Requirements

Prerequisites

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Instructors

Frequently asked questions

What are procure-to-pay roles and responsibilities?

According to Indeed.com, procurement managers handle the procurement of goods and services for a company. They manage each part of the supply chain to ensure consistent delivery of goods and services while identifying possible productivity obstacles. Their duties and responsibilities may vary from company to company, but typically include:

Developing sound, cost-effective strategies for the purchasing of materials used in the business
Maintaining relationships with suppliers while continually scouting for additional vendors
Evaluating spending operations while seeking ways to improve and enhance the quality of products purchased and the timeliness of deliveries
Communicating with management regularly regarding the efficient flow of goods and services affecting production
Conducting cost analyses and setting benchmarks for improvement
Developing risk management procedures to mitigate losses in the event of product shortages
Supervising a purchasing team and delegating tasks across departments when necessary
Working closely with the company legal department to make sure contracts and terms are favorable

What is the average P2P manager salary?

According to Glassdoor, 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 compensation.

Does this course prepare you for a certification?

Yes. You will be prepared to take the exam and earn the Accredited Procure-to-Pay Manager (APPM) 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.