TIBCO Software Senior Consultant Interview Questions and Answers

Procure to pay process is the cycle of activities involved in purchasing goods or services and paying for them.

• The process starts with identifying the need for a product or service

• Then, a purchase requisition is created and approved

• Next, a purchase order is issued to the supplier

• Goods or services are received and inspected

• An invoice is received and matched with the purchase order and goods receipt

• Payment is made to the...read more

Order to Cash process involves all the steps from receiving an order to receiving payment for it.

• It includes order entry, order fulfillment, invoicing, and payment collection.

• It is a critical process for any business as it directly impacts cash flow.

• Efficient management of this process can lead to improved customer satisfaction and increased revenue.

• Examples of software used for this process include SAP, Oracle, and Sa

Costing methods refer to the techniques used to determine the cost of producing a product or service.

• There are various costing methods such as job costing, process costing, activity-based costing, and standard costing.

• Job costing is used for unique products or services, while process costing is used for mass-produced items.

• Activity-based costing focuses on the activities that drive costs, while standard costing uses pr...read more