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

Finance Operations, Professional ServicesIndustries

Requirements

Any Graduation
1 to 3 years of experience
Skill in Procure to Pay - Payment Processing Operations
Adaptable and flexible
Ability to perform under pressure
Problem-solving skills
Detail orientation
Ability to establish strong client relationship
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 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
Perform timely and accurate billing and processing of invoices
Manage purchase and non-purchase orders and perform two-way and three-way matching of invoices
Make payments using checks, wire, SWIFT, direct debits, etc., as part of invoice processing cycle
Execute manual payments and automated payment runs
Run potential duplicate payments reports and take appropriate action
Execute payment related controls
Solve routine problems through precedent and referral to general guidelines
Interact within own team and with direct supervisor
Follow detailed to moderate level of instruction on daily work tasks and detailed instruction on new assignments
Make decisions impacting own work as an individual contributor with a predetermined, focused scope of work

Skills

Key technologies and capabilities for this role

Procure to PayPayment ProcessingAccounts PayableInvoice ProcessingPurchase OrdersThree-Way MatchingWire PaymentsSWIFTDirect DebitsVendor Compliance

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 adaptable and flexible mindset, ability to perform under pressure, problem-solving skills, detail orientation, and ability to establish strong client relationships. Technical skills include configuring payment workflows, implementing payment automation, processing complex transactions, and proficiency in banking platforms.

What does a typical day look like in this role?

You will handle procure to pay operations including payment processing, invoice management, vendor compliance, transaction reconciliation, accounting for goods and services, and executing payments via checks, wire, SWIFT, and direct debits.

What is the employment type for this position?

This is a full-time position.

What salary or compensation does this role offer?

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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