ARS.2 E-Textbook

CHAPTER 2: UNDERSTANDING YOUR B2B CUSTOMER’S PROCURE TO PAY PROCESS (P2P)

CHAPTER 2 UNDERSTANDING YOUR B2B CUSTOMER’S PROCURE TO PAY PROCESS (P2P)

2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8

Introduction.................................................................................... 29 Non-PO Purchases.........................................................................29 PO Purchases.................................................................................31 The Perfect Invoice.........................................................................32 DSO and DPO.................................................................................33 Sending Statements of Past Due Invoices.......................................34 AP and Procure-to-Pay Best Practices............................................34 Conclusion..................................................................................... 36

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THE ACCOUNTS RECEIVABLE SPECIALIST CERTIFICATION PROGRAM E-TEXTBOOK

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