Genpact
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P2P cycle refers to the Procure-to-Pay cycle, which involves the entire process from requisitioning goods/services to making payment.
The P2P cycle starts with a purchase requisition being raised by the requesting department.
The purchase requisition is then approved by the relevant authority.
A purchase order is generated and sent to the vendor.
Goods/services are received and the invoice is matched with the purchase orde...
I applied via Company Website and was interviewed in Dec 2024. There was 1 interview round.
I applied via Naukri.com and was interviewed in Jul 2024. There was 1 interview round.
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I applied via Naukri.com and was interviewed in Jul 2024. There were 3 interview rounds.
Arithmetic reasoning, logical thinking, and effective communication skills.
They provide a topic and ask that you speak for 5 to 10 minutes, or alternatively, you can choose your own topic and discuss it.
Experienced Accounts Payable Executive with a strong background in financial management and process improvement.
Over 5 years of experience in accounts payable management
Skilled in streamlining processes to improve efficiency and accuracy
Proficient in financial analysis and reporting
Strong attention to detail and ability to meet deadlines
Excellent communication and interpersonal skills
Genpact interview questions for designations
Accounts payable refers to the money a company owes to its suppliers for goods and services received but not yet paid for.
Accounts payable is a liability on the balance sheet, representing short-term obligations.
It includes invoices from suppliers for products or services received, such as office supplies or utilities.
Timely payment of accounts payable can help maintain good supplier relationships and may lead to disco...
Vendor reconciliation accounts are assigned in the accounting system to ensure accurate tracking of vendor transactions.
Assign in the ERP system under vendor master data settings.
Example: In SAP, use transaction code XK02 to edit vendor details.
Link to specific general ledger accounts for accurate reporting.
Example: Assign a reconciliation account for each vendor type, like 'Suppliers' or 'Contractors'.
Ensure proper ma...
The P2P cycle, or Procure-to-Pay cycle, encompasses the entire process of acquiring goods/services and making payments.
1. Requisition: Identifying the need for goods/services, e.g., a department requests office supplies.
2. Purchase Order: Creating a formal order to a supplier, e.g., sending a PO for 100 chairs to a vendor.
3. Receipt of Goods/Services: Receiving and inspecting the order, e.g., checking the delivery of c...
There are three golden rules of accounting: Personal, Real, and Nominal accounts, guiding financial transactions.
1. Personal Account: Deals with individuals or entities. Example: Accounts receivable.
2. Real Account: Pertains to assets and liabilities. Example: Cash account.
3. Nominal Account: Relates to income and expenses. Example: Sales account.
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GOOD 15 min. Technical round
Types of purchase orders include standard, blanket, contract, and planned.
Standard purchase order is used for one-time purchases
Blanket purchase order is used for recurring purchases over a period of time
Contract purchase order is used for long-term agreements with suppliers
Planned purchase order is used for future purchases based on forecasted requirements
Types of PO include Standard PO, Blanket PO, Contract PO, Planned PO, and Service PO.
Standard PO: Used for one-time purchases
Blanket PO: Used for recurring purchases over a period of time
Contract PO: Used for purchases based on a specific contract
Planned PO: Used for long-term planning of purchases
Service PO: Used for services rather than physical goods
Some of the top questions asked at the Genpact Accounts Payable Executive interview -
The duration of Genpact Accounts Payable Executive interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 36 interviews
3 Interview rounds
based on 67 reviews
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