Manager - P2P

Job Title: Manager - P2P

Work Location: Chennai

Job Profile Summary

The Purchase to Pay Specialist is responsible for guiding purchase-to-Pay specialists, ensuring task accuracy and compliance, implementing process improvements, monitoring purchase metrics, administering company policies, preparing detailed purchase reports, safeguarding against errors and fraud, and staying updated with industry trends and best practices. The role monitors and reports on purchase metrics, analyzes data, identifies and implements improvements in the purchase-to-pay process to streamline operations and reduce costs. The role collaborates with departments to align purchase processes with their needs. The role prepares detailed purchase reports, providing insights into spending patterns and vendor performance.

Job Description:

Job Responsibilities:

• Receives predetermined work assignments subject to limited supervision, control and review, utilizing established guidelines, procedures, and policies to ensure accuracy and compliance throughout the completion of tasks.

• Leads purchase-to-Pay specialists and subordinates to complete assignments by following established guidelines, procedures, and policies, ensuring that all tasks are executed in accordance with best practices for efficiency and accuracy.

• Identifies and implements improvements in the purchase-to-pay process by analyzing current procedures, pinpointing inefficiencies, and applying enhancements to streamline operations, reduce costs, and enhance efficiency.

• Monitors and reports on key purchase metrics and performance indicators, analyzing data to assess purchase efficiency, identify trends, and provide insights that drive improvements in the purchasing process.

• Administers company policies affecting subordinate employees, ensures adherence and implementation, and recommends changes to unit or sub-unit policies to improve operational efficiency and address emerging needs.

• Collaborates with various departments to understand their purchasing requirements and provides tailored support, ensuring that purchase processes align with departmental needs.

• Prepares detailed reports on purchase activities, including expenditure and payment performance, to provide insights into spending patterns, vendor performance, and process efficiency.

• Maintains rigorous oversight to safeguard against errors, fraud, and inefficiencies throughout the purchase and payment lifecycle.

• Updates knowledge of purchase best practices and industry trends through training, research, and professional development to enhance effectiveness and stay current with evolving standards.

Minimum required Education:

Bachelor's Degree in Data Analytics, Supply Chain Management, Accounting or equivalent.

Minimum required Experience:

10+ Years Experience required with Bachelor's with Vendor Management, Compliance and Controls, Data Analysis, Supply Chain Management, Contract Management or equivalent.

Preferred Skills:

• Continuous Improvement • Due Diligence • Knowledge Management • Accounting • Risk Assessments • Regulatory Compliance • KPI Monitoring and Reporting • Data Analysis & Interpretation • Document Management • Management Reporting • Cash Flow Management • Financial Acumen • Strategy Implementation • Internal Controls & Risk Evaluation • Billing Process

How we work together
We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week.
Onsite roles require full-time presence in the company’s facilities.
Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.
Indicate if this role is an office/field/onsite role.
About Philips
We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.
• Learn more about our business.
• Discover our rich and exciting history.
• Learn more about our purpose.
If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our culture of impact with care here.