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

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....

3 Months / 35 Course Hrs

Open Enrollment

Offered in partnership with your preferred school

CSU Channel Islands

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Learning method

Instructor-led

$1,495

Self-paced. Study on your own schedule

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Details + Objectives

Course code: GES2163

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

How the course is taught

Self-paced, online course
3 Months to complete
Open enrollment, begin anytime
35 course hours

Outline

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

Instructors & Support

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

Prerequisites:

While there are no prerequisites to take this course, the Procure-to-Pay Specialist Certification course is specifically designed to help individuals with prior AP knowledge become certified.

Certification Requirements:

It is recommended that you meet one of the following for APS certification:

No degree = 3 yrs. AP experience
2-year degree = 2 yrs. AP experience
4-year degree = 1 yr. AP experience

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 11.0 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.

More About

About Certification: Institute of Finance and Management (IOFM)

The Institute of Finance and Management (IOFM), a globally recognized authority in financial operations, offers respected certifications like Accounts Payables Specialist/Manager (APS/APM) and Accounts Receivables Specialist/Manager (ARS/ARM) to over 25,000 professionals, backed by a rigorous curriculum developed with testing experts. With a history of empowering financial professionals through flexible, multi-language programs and resources like webinars and conferences, IOFM’s certifications enhance career prospects, earning recognition from Fortune 500 companies and boosting team efficiency. Certified individuals gain access to IOFM’s extensive library of 3,000+ tools, digital badges, and continuing education opportunities, making these credentials a valuable asset for mastering compliance, automation, and process optimization in Accounts Payable, Procure-to-Pay, and Accounts Receivable.

FAQ

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

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.

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).

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.

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.

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.

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.

Upon successfully passing the final exam, you will be awarded a certificate of completion from the school or organization that you registered through.

ed2go courses will help you gain the skills you need to obtain an entry-level position in most cases. However, you should always research the job market in your area before enrolling.

ed2go courses are non-credit, so they do not qualify for federal aid, FAFSA, and Pell Grant. In some states, vocational rehab or workforce development boards may provide funding to take our courses. Additionally, you may qualify for financial assistance if you meet certain requirements. Learn more about financial assistance.

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

CSU Channel Islands