SAGE Automation Accounts Payable Officer Interview Questions and Answers

Procurement to pay is the process of acquiring goods or services from external vendors and paying for them.

• Procurement involves selecting vendors, negotiating contracts, and placing orders for goods or services.

• Accounts Payable is responsible for processing invoices, verifying receipt of goods or services, and making payments to vendors.

• The procurement to pay process helps ensure that goods or services are acquired in ...read more

System development lifecycle in P2P involves planning, analysis, design, implementation, testing, and maintenance.

• Planning: Define requirements and objectives for the P2P system.

• Analysis: Gather and analyze data to understand current processes and identify areas for improvement.

• Design: Create a detailed plan for the P2P system, including workflows and user interfaces.

• Implementation: Develop and deploy the P2P system ac...read more

Invoice processing is the workflow of receiving, reviewing, verifying, and paying invoices from vendors.

• Receiving invoices from vendors

• Reviewing invoices for accuracy and completeness

• Verifying invoices against purchase orders or contracts

• Obtaining approvals for payment

• Recording invoices in the accounting system

• Initiating payment to vendors