HCLTech Associate Interview Questions, Process, and Tips

Q1. What is P2P Cycle
Ans. 
P2P Cycle stands for Procure-to-Pay Cycle, which is the process of obtaining and paying for goods or services.
• P2P Cycle starts with the need for goods or services, followed by requisition, approval, purchase order creation, goods receipt, invoice receipt, invoice approval, and finally payment.

• It involves multiple steps such as vendor selection, negotiation, purchase order processing, invoice verification, and payment p...read more
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Q2. What is 2 ways match and 3 ways match
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2 way match and 3 way match are methods used in accounts payable to ensure accuracy in invoicing and payment.
• 2 way match involves matching the invoice to the purchase order to ensure the correct prices and quantities were billed.

• 3 way match involves matching the invoice to the purchase order and the receiving report to ensure that the goods were received as ordered.

• 3 way match provides an extra layer of verification co...read more
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Q3. What is PO invoice and Non-Po Invoice
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PO invoice is a purchase order invoice which is generated based on a purchase order, while non-PO invoice is an invoice that is not associated with a purchase order.
• PO invoice is generated based on a purchase order issued by the buyer to the seller.

• Non-PO invoice is not linked to a purchase order and is typically used for one-time purchases or services.

• PO invoices help in tracking and matching purchases with orders, wh...read more
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Q1. Tell me about yourself
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I am a highly motivated and dedicated individual with a strong background in the field of finance.
• I have a Bachelor's degree in Finance from XYZ University.

• I have worked as a financial analyst at ABC Company for 3 years.

• I am proficient in financial modeling and data analysis.

• I have a strong attention to detail and excellent problem-solving skills.

• I am a team player and have successfully collaborated with cross-function
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Q2. Your weakness & strenght
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The transfer of an individual's rights or property to another person or business. This concept exists in a variety of business transactions and is often spelled out contractually.