Skill required: Procure to Pay - Payment Processing Operations

Designation: Procure to Pay Operations Analyst

Qualifications:Any Graduation

Years of Experience:3 to 5 years

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song— all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 784,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com

What would you do The incumbent will perform routine and transactional processing within the Accounts Payable function to ensure quality and accurate completion of services and Key Performance Indicators, as defined in the Service Level Agreement. Procure to Pay is the process of managing the entire purchasing cycle from ordering goods and services to making the final payment. It includes steps like requisitioning, purchasing, receiving, invoicing, and payment processing. The goal is to ensure efficient and accurate procurement and payment activities. This process helps in maintaining good supplier relationships and controlling costs. Effective Procure to Pay systems streamline operations and improve financial management. keyword includes:- (Invoice Processing, PO & Non PO,Vendor Payament,Master Data Managemet, Vendor Management, Accounts Payable) Make payments using checks, wire, swift, direct debits etc. as part of invoice processing cycle. Additionally, execute manual payments and automated payment runs, run potential duplicate payments reports and take appropriate action and execute payment related controls.

What are we looking for

Equipped with a Bachelor Degree from any number and data related field.
At least 1-2 years of working experience in a relevant field.
Experience in performing the Account Payable, Payment process.
Knowledge in using SAP/Fi Co and other financial systems – Coupa (added advantage)
Knowledge of fundamental accounting concepts, practices and procedures
Knowledge of chart of accounts, profit & loss and balance sheet reports
Knowledge of the inter-company recharge principles and rules
Understanding of general administrative duties and procedures
Ability to assess and promptly resolve problems Roles and Responsibilities: Transaction Processing Daily / weekly BAU supports:
Completed emergency payments
Perform manual payments – input payments in Bank portal / backdrafts
Update the logs as and when payments completed
Adherence of Internal Controls (RACM & SoX requirements) Periodic reports (weekly / monthly / quarterly / bi-annually):
Presenting emergency payment logs to and obtain Finance Director's approval
Planning and scheduling of payment approvers timetable to ensure that authorisation of payments is done before cut-off times Meeting service levels
Complete & release batch payments accordance to payment schedule
Complete & release emergency payments before bank cut-off
Attempt / addressing Finance Service Desk/Invoice Processing Team / End Market inqueries within 2 days Process Excellence
Assist with new process implementations
Assist in maintenance of Treasury and Account Payable general policies & procedures
Participate in continuous improvement in process efficiency and effectiveness
Ensure internal controls programs are adhered to
Comply with accounting principles, GBS standards and SLAs
Testing of new processes and systems for improved payment processing