EXL Service Senior Executive Officer Interview Questions, Process, and Tips

Accounts Payable cycle is the process of managing and paying a company's outstanding bills and invoices.

• It involves receiving and verifying invoices from vendors

• Recording the invoices in the accounting system

• Approving the invoices for payment

• Issuing payment to the vendors

• Reconciling vendor statements with accounts payable records

• Managing cash flow to ensure timely payments

• Examples of accounts payable include rent, util

PO stands for Purchase Order.

• PO is a document used to request goods or services from a supplier.

• It includes details such as item description, quantity, price, and delivery date.

• POs are used to track and manage orders, and to ensure that the correct items are received.

• POs are commonly used in business and procurement processes.

• Example: A company may issue a PO to a supplier for 100 units of a particular product at a spe

Issues faced while processing PO invoices

• Matching PO details with invoice details

• Ensuring correct pricing and quantities

• Verifying vendor information

• Handling discrepancies and exceptions

• Ensuring timely payment to vendors

I have worked on various softwares including Microsoft Office Suite, Salesforce, SAP, and Oracle.

• Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)

• Salesforce (CRM software)

• SAP (Enterprise Resource Planning software)

• Oracle (Database management system)

Issues in processing PO based invoices can be resolved by implementing a streamlined process and ensuring proper communication with vendors.

• Establish clear guidelines for PO creation and invoice submission

• Ensure timely communication with vendors regarding any discrepancies or missing information

• Implement automated systems for invoice processing and approval

• Regularly review and analyze the process to identify areas for ...read more