Instructor for this course
more
Enrolled:
37
Duration: 1 Hour
Level: Intermediate
How To Access This Course:

Subscription

$99 Instant Access to Course Library

Expert Certifications

In this purchase order training course we learn what “No PO, No Pay” means and why companies are moving to this model. We explore the benefits of using Purchase Orders (PO) for goods and services and identify how Purchase Orders can be created for facility, utility and telecommunication costs and identify the key components of a Purchase Order and how they can be used to post costs more timely and to track spend.

We also explore the difference between 2-way and 3-way match and learn how to leverage Purchase Orders to monitor spend and when to determine if budgeted amounts can be or need to be adjusted. In addition we learn the benefits of “Return to Vendor” policies and procedures.

Change management is key in implementing any new policy.  We discover the steps needed to communicate a “No PO, No Pay” policy to vendors and to any employees who may place an order with a vendor.

A “No PO, No Pay” policy comes with strong terms and conditions.  We explore these together to ensure ongoing compliance and success in your Accounts Payable organization. 

Course Collections

This course is included in the following Course Collections:

Learning Objectives

  • Identify the definition of “No PO, No Pay”
  • Explore the advantages of using Purchase Orders (PO) to order goods and services and to track spend
  • Identify the key components of a Purchase Order
  • Explore the difference between 2-way and 3-way PO matching
  • Explore other terms and some of the conditions for a successful “No PO, No Pay” policy implementation

7 Reviews (18 ratings)Reviews

5
Member's Profile
Great little intro course on a topic one doesn't learn in school.
3
Anonymous Author
The test was mostly about reading through the double-negative exceptions and similar nonsense. It did little to assess knowledge of the subject.
4
Member's Profile
I liked how the concept was simply framed and discussed. The course provided basic, practical information in an understandable format
3
Anonymous Author
Course recommended some useful steps that can be implemented to redece & control "no PO" purchasing.
3
Anonymous Author
Change Management was a good topic to cover when establishing this as a new procedure.
5
Member's Profile
Straight forward. Direct and clearly communicated. Great job!
4
Member's Profile
Good refresher for basic AP principles

Prerequisites

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 ext. 106, or send an e-mail to .
Course Syllabus
INTRODUCTION and OVERVIEW
  3:47Introduction to No PO, No Pay
No PO, No Pay
  5:18What is "No PO, No Pay"?
  8:47The Purchase Order (PO)
  11:02Quick Review of Accounts Payable
  8:50The Benefits of No PO, No Pay
CONCLUSION
  3:10The Procure to Pay Work Stream and Conclusion
Continuous Play
  40:54No PO, No Pay
SUPPORTING MATERIALS
  PDFSlides: No PO, No Pay
  PDFNo PO, No Pay Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM