DTAS09E22 - How to Streamline Your Business' Procurement-to-Payment Process | A Complete Guide for Entrepreneurs

Digital Transformation Academy Podcast

DENNIS M. HILARIO द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री DENNIS M. HILARIO या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।

3M ago 9:23

MP3•एपिसोड होम

Understanding the Procurement-to-Payment Process is essential for businesses of all sizes. In this video, we’ll break down the complete step-by-step process of procurement for businesses in the Philippines — from purchase requests to payment. Whether you’re in retail, services, or manufacturing, mastering the P2P process can save time, reduce costs, and keep your operations running smoothly.

We’ll discuss:

• Timing in Procurement: How to time orders effectively, especially during peak seasons or when stock is low.
• Department Requests vs. Stock Monitoring: How to handle procurement based on department needs or through admin monitoring using inventory software.
• Goods vs. Services: Learn the difference in procurement processes between products and services, including the required documents and ideal roles for each.
• Documents You’ll Need: From purchase requests to invoices and payment vouchers, we’ll cover all the essential documentation for the procurement-to-payment process.

If you’re a business owner, entrepreneur, or interested in finance and operations in the Philippines, this video is a must-watch! Don’t forget to check out our previous topic on setting up your chart of accounts to manage finances effectively.

Next Topic: Stay tuned as we dive into accounting documentation, journal entries, and updating your books for the P2P process.

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