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Oracle Financials - Procure To Pay

Oracle's Procure-to-Pay is an integrated solution that links purchasing
Course Info

Oracle's Procure-to-Pay is an integrated solution that links purchasing and payables to maximize return on invested capital. With Oracle Procure-to-Pay companies can reduce cost to improve margin, streamline procure-to-pay processes to improve working capital, and drive compliance to optimize asset usage.

Course Detail:

Procure-to-Pay is part of Oracle's E-Business Suite Financials family of applications. This course will cover the full ‘Procure to Pay’ cycle from the point where a requirement for goods or services is identifies to the point where the supplier’s invoice is settled. The audience of this course is users in Procurement, Facilities and Finance departments. It is particularly suitable for those with a supervisory or management responsibility who may be designated a 'super-user' in their own organization. The course has main two sections:

  • Purchasing
  • Payable

Purchasing section will give delegates the skills to process requisitions, orders and receipts, understand the approvals process, make enquiries and run reports in both Purchasing and iProcurement and in addition provide an overview of the key elements of set-up and how they affect the systems' operation.

Payable section will give delegates practical experience of working with the Oracle Accounts Payable module. It is end-user focused, encompassing all day to day tasks such as invoice and payment processing, making inquiries and running reports together with month end procedures.

After attending this course students will be having following skills:

  • Managing Suppliers
  • Defining and Creating Items
  • Creating RFQs and Quotations
  • Approving Suppliers and Sourcing Rules
  • Processing Purchase Order Requisitions
  • Processing Purchase Orders
  • Processing Purchase Order Receipts
  • Approving/Rejecting Requisitions
  • Forwarding to the Workflow Process
  • Raising iProcurement Requisitions
  • Running Standard Purchasing Reports
  • Carrying out month end processes
  • Entering, reviewing and approving supplier invoices
  • Adjusting or cancelling invoices
  • Matching invoices to purchase orders and receipts
  • Entering recurring invoices
  • Processing prepayments
  • Processing holds and releases
  • Entering and processing credit and debit memos
  • Processing employee expense reports
  • Processing single payment batch processing
  • Closing periods and resolving period-end exceptions
  • Opening the next period
  • Running Accounts Payable reports