what's P2P what's invoice processing, Ap/AR related questions They mostly ask about your cv related questions Wuerth history

Question

Accepted Answer

P2P stands for Procure-to-Pay, which is a process that involves purchasing goods or services and paying for them.

P2P involves the entire procurement process, from identifying the need for a product or service to paying the supplier
It includes activities such as requisitioning, purchasing, receiving, and invoicing
P2P helps organizations streamline their procurement process and reduce costs
Invoice processing is a key component of P2P, which involves receiving and processing invoices from suppliers
AP/AR related questions may include inquiries about accounts payable and accounts receivable processes and procedures
Wuerth is a German multinational company that specializes in the distribution of fasteners, tools, and other industrial supplies

Popular interview questions of Finance Executive