Procure to Pay Operations Associate at Accenture

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Professional Services, Finance OperationsIndustries

Requirements

Any Graduation
1 to 3 years of experience
Skill in Procure to Pay - Invoice Processing
Adaptable and flexible
Ability to perform under pressure
Detail orientation
Ability to establish strong client relationship
Written and verbal communication
Configure and manage comprehensive payment workflows
Implement advanced payment automation technologies
Process complex financial transactions across multiple platforms
Validate and reconcile transactions with high precision
Demonstrate proficiency in banking platforms and payment systems
Execute electronic funds transfer (EFT) and international payment network operations
Generate comprehensive financial analytics
Maintain rigorous data integrity standards
Ensure strict adherence to financial regulations
Continuously improve payment workflow processes
Ability to solve routine problems through precedent and referral to general guidelines
Ability to work in rotational shifts

Responsibilities

Determine financial outcomes by collecting operational data/reports, conducting analysis, and reconciling transactions
Boost vendor compliance, cut savings erosion, improve discount capture using preferred suppliers, and confirm pricing and terms prior to payment
Account for goods and services through requisitioning, purchasing, and receiving
Manage order sequence of procurement and financial process end to end
Design, implement, manage, and support accounts payable activities by applying relevant processes, policies, and applications
Handle timely and accurate billing and processing of invoices
Manage purchase and non-purchase orders
Perform two-way and three-way matching of invoices
Verify accuracy of incoming invoices, match with purchase orders and delivery receipts, and initiate payment process
Use automated systems and software to streamline invoice processing workflow

Skills

Key technologies and capabilities for this role

Procure to PayInvoice ProcessingAccounts PayableVendor ManagementPurchase OrdersInvoice MatchingFinancial ReconciliationProcurement

Questions & Answers

Common questions about this position

What qualifications and experience are required for the Procure to Pay Operations Associate role?

Any Graduation is required with 1 to 3 years of experience.

What key skills are needed for this position?

The role requires adaptability, flexibility, ability to perform under pressure, detail orientation, ability to establish strong client relationships, and strong written and verbal communication skills. Technical skills include configuring payment workflows, implementing payment automation, processing financial transactions, validating reconciliations, proficiency in banking platforms, EFT operations, financial analytics, data integrity, regulatory adherence, and continuous improvement.

What is the employment type for this role?

This is a full-time position.

What does the Procure to Pay Operations Associate do day-to-day?

You will handle procure to pay processes including invoice processing, verifying invoices, matching with purchase orders and receipts, accounting for goods and services, managing procurement end-to-end, and supporting accounts payable activities like billing, purchase orders, and transaction reconciliation.

What is the salary or compensation for this role?

This information is not specified in the job description.

Accenture

Global professional services for digital transformation

About Accenture

Accenture provides a wide range of professional services, including strategy and consulting, technology, and operations, to help organizations improve their performance. Their services assist clients in navigating digital transformation, enhancing operational efficiency, and achieving sustainable growth. Accenture's offerings include cloud migration, cybersecurity, artificial intelligence, and data analytics, which are tailored to meet the needs of various industries such as financial services, healthcare, and retail. What sets Accenture apart from its competitors is its extensive industry knowledge and ability to deliver comprehensive solutions that address both immediate challenges and long-term goals. The company's aim is to support clients in reducing their environmental impact while driving innovation and growth.

Dublin, IrelandHeadquarters

1989Year Founded

$8.5MTotal Funding

IPOCompany Stage

Consulting, Enterprise Software, CybersecurityIndustries

10,001+Employees

Risks

Rapid AI advancements may outpace Accenture's current capabilities, risking competitive disadvantages.

Integration challenges from multiple acquisitions could affect Accenture's operational efficiency.

The rise of AI-driven startups may disrupt Accenture's market share in customer service solutions.

Differentiation

Accenture's acquisitions enhance its capabilities in digital twin technology for financial services.

The company is expanding its expertise in net-zero infrastructure through strategic acquisitions.

Accenture's focus on software-defined vehicles positions it as a leader in automotive innovation.

Upsides

Accenture's investment in EMTECH supports central bank modernization amid digital currency evolution.

The acquisition of Award Solutions boosts Accenture's presence in the growing 5G and IoT markets.

Accenture's strategic acquisitions align with high-growth markets like digital twins and net-zero projects.

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