Cognizant Transaction Processing Executive Interview Questions and Answers

AML flow of the process refers to the steps taken to monitor and detect potential money laundering activities.

• Customer onboarding and due diligence

• Transaction monitoring and analysis

• Suspicious activity reporting

• Investigation and escalation

• Compliance with regulatory requirements

P2P invoice processing is the end-to-end process of receiving, verifying, and paying supplier invoices.

• P2P stands for Procure-to-Pay

• It involves receiving invoices from suppliers

• Verifying the accuracy of the invoice details

• Matching the invoice with the purchase order and goods receipt

• Approving the invoice for payment

• Issuing payment to the supplier

• Examples of P2P invoice processing software include SAP Ariba, Coupa, and

P2P stands for Procure-to-Pay, a process that involves purchasing goods or services and paying for them.

• P2P involves several steps such as requisition, purchase order, invoice processing, and payment

• It helps organizations streamline their procurement process and reduce costs

• P2P software solutions automate the process and provide real-time visibility into spending

• Examples of P2P software include SAP Ariba, Coupa, and Ba