Engaging in the exercise of reviewing and documenting your company's business processes is the first step in learning exactly how work is being performed, where the opportunities for improvement lie and what bottlenecks and inefficiencies exist. Once identified, steps can be taken to develop solutions and introduce new processes.

Making business decisions without clearly understanding the details of how a process works, can lead to costly mistakes and create inefficient working situations.

This guide will provide you with high-level process steps for Procure to Pay.
Procure to Pay includes process steps for procurement planning, vendor selection, request for quotation, purchase order, goods receipt, invoice verification, payment to vendors

This guide will cover the following topics:
•  An explanation of the hierarchy of process mapping
•  Level 1, 2, 3 and 4 process steps in the Procure to Pay process
•  Elements of a process flow diagram

Included with this PowerPoint document you will also receive an Excel process grid that outlines Level 1, 2 and 3 process steps in the Procure to Pay process.

This is one document, part of a Process Map Series. If you would like to understand what Process Mapping is, please purchase Introduction to Process Mapping.

Other documents in this series include:
Introduction to Process Mapping
Order to Cash
Hire to Retire
Planning and Management Accounting
Tax Management
Treasury Management (coming soon)
Fixed Assets (coming soon)
Internal Controls (coming soon)