Infosys BPM Senior Analyst Interview Questions and Answers

Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

• Accounts payable is a liability on the balance sheet

• It represents the amount of money owed by a company to its suppliers or vendors

• It is typically recorded when goods or services are received but payment has not yet been made

• Accounts payable is an important part of a company's working capital man

Yes, I have experience working in the invoice process.

• I have experience handling invoices, processing payments, and resolving discrepancies.

• I am familiar with using accounting software to track and manage invoices.

• I have worked closely with vendors and internal teams to ensure timely and accurate invoicing.

• I have experience in reconciling invoices and resolving any billing issues.

P2P Cycle stands for Procure-to-Pay Cycle, which is the process of obtaining and paying for goods and services.

• P2P Cycle starts with the need for goods or services, followed by requisition, approval, purchase order creation, receipt of goods/services, invoice processing, and payment.

• It involves multiple steps such as vendor selection, negotiation, purchase order issuance, goods receipt, invoice verification, and paymen...read more

Types of invoices include proforma, commercial, utility, and credit invoices.

• Proforma invoice: issued before the actual sale takes place, used for customs purposes

• Commercial invoice: issued after the sale, includes details of the transaction

• Utility invoice: bill for services like electricity, water, or gas

• Credit invoice: issued to correct errors on a previous invoice

Types of AP challenges include invoice processing errors, duplicate payments, and missing discounts.

• Invoice processing errors

• Duplicate payments

• Missing discounts

I am responsible for conducting market research, identifying potential buyers, building relationships, and negotiating contracts.

• Conducting market research to identify potential buyers

• Building relationships with buyers through regular communication

• Negotiating contracts and terms with buyers

• Analyzing buyer behavior and trends to inform sales strategies

Sourcing is the process of finding, evaluating, and selecting suppliers for goods and services.

• Identifying potential suppliers through research and networking

• Evaluating suppliers based on criteria such as quality, price, and reliability

• Negotiating contracts and terms with selected suppliers

• Managing relationships with suppliers to ensure timely delivery and quality

• Monitoring supplier performance and making improvements

Contracts creation in SCM involves drafting, negotiating, and finalizing agreements with suppliers or vendors.

• Contracts creation starts with identifying the need for a contract with a supplier or vendor.

• The next step involves drafting the terms and conditions of the contract, including pricing, delivery schedules, and quality standards.

• Negotiation with the supplier or vendor may be necessary to reach mutually agreeable...read more

Yes, I am a fresher with a strong academic background and a willingness to learn and grow in this role.

• I may be new to the industry, but I have a solid foundation in the relevant skills and knowledge.

• I am eager to bring fresh perspectives and ideas to the team.

• I am excited about the opportunity to learn and develop my skills in this role.

My last in-hand salary was $80,000 per year.

• My last in-hand salary was $80,000 per year

• I received a bonus of $5,000 annually

• I also had stock options worth $10,000 per year