Certified Procure to Pay Process Owner (CP2P®)
Stay ahead in a rapidly evolving field, with a professional credential from The Institute of Financial Operations and Leadership
Reach your potential with an advanced study programme and professional credential designed to equip you with specialist knowledge and skills in the field of Financial Operations, specifically the Procure to Pay arena.
With a steep in increase in businesses aligning their procurement or sourcing functions with finance, particularly Accounts Payable, practitioners and subject matter experts in the world of Financial Operations are in high demand. This programme will provide entry routes if you’re looking to switch careers and help you consolidate your knowledge and skills if you’re a Finance or Procurement professional looking to progress to a P2P Process Owner position.
Programme Overview
Developed by The Institute of Financial Operations and Leadership (the global professional body for Finance Operations professionals) in partnership with over 30 Finance Leaders, P2P Subject Matter Experts, Researchers and Practitioners, this programme provides an unrivalled education on the Procure to Pay Cycle from concept to delivery and optimization. You’ll work through real-world scenarios encouraging you to consider important decisions when structuring, managing and taking ownership of a P2P process or function.
What else is part of the programme?
Steps to earn the CP2P Credential
Earning the Procure to Pay Process Owner (CP2P) credential can be achieved in three simple steps as outlined below.
Step 1: Course
Complete the 12 Module, online CP2P course to build an advanced understanding of on P2P Operations, Processes, Best Practices and Improvement Measures. You can enroll online or click here to book an enrollment session with one of our trusted advisors.
Step 2: Exam Prep and Practice
Use the CP2P practice questions, live and recorded classes to prepare for the final exam.
Step 3: The Exam
When you’ve completed the course you can take the 70 questions exam at your convenience, online within the IFOL Academy. You must score 80% in order to pass the exam and be awarded the CP2P designation. You will receive 3 attempts to pass the exam included with enrollment.
Study Modules
Certified Procure to Pay Process Owner Level
The study programme covers all of the subjects required to prepare you for the CP2P exam. With 12 core modules and several study units per module, the programme provides a detailed and in-depth education on the Procure to Pay process, dissected into manageable sections.
4% The Expenditure Cycle
11% Aligning Purchasing and Accounts Payable
10% P2P Structure, Transition and Change
7% Procurement Process, The Receiving Process
17% The Accounts Payable Function and Payment Types
5% Cash and Treasury Management
11% Supplier and Vendor Management
9% Compliance, Tax and Reporting Responsibilities
8%. Controls, Fraud Prevention and Risk Management
6% Automating P2P, Solutions and Application
4% P2P Optimisation
8% Leadership and Management of P2P
CP2P Course Structure
Online and Self-Paced
The CP2P course combines self-study learning including reading, pre-recorded lectures and optional live workshops for one flat rate. Whether you prefer self-paced or structured, your tuition is the same.
The CP2P course traditional self-study model is all-inclusive, covering all required study materials, access to online learning tools, your examination, and support groups. Live monthly classes and pre-recorded classes are included for the duration of your studies at no additional charge.
Enrollment includes 18 months access to the course and IFOL Academy
How to Enroll in CP2P
When to enroll is entirely your choice, there are no set intake dates as the IFOL Certification Academy allows you the flexibility to start and stop study whenever is convenient for you.
Registration and enrollment can be completed online instantly and takes just a couple of minutes. Simply create your IFOL virtual academy user profile, pay course registration fees and gain instant access to your chosen course and exam.
Fees and Payment Options
Each level of the CP2P certification programme requires an enrollment fee to be paid before you can access study materials and classes.
Registration fees outlined below can be paid using a valid credit/debit card and we offer a monthly payment option for those who would prefer to spread enrollment fees over several months.
Alternatively during the registration process you may request an invoice using the invoice request form.
FAQs
The CP2P Process Owner curriculum covers all areas of the end to end P2P process. Please download the course guide for a full breakdown of the course content.
Yes. Our team provide 1-2-1 certification demo’s so that you can see the learning platform and course content before enrolling.
The CP2P programme is open to all Finance professionals and particularly relevant for those who have responsibility for part or all of the P2P process within their business.
The CP2P exam is taken online within the IFOL Virtual Academy, which is where you will also access your course and study resources to prepare for the exam.
Complete a minimum of 12 hours of continuing education per year. As a CP2P credential holder, you will be eligible for Certified Full Membership with IFOL which provides over 100 hours of continuing education per year, including live classes, webinars, research papers and conferences.
These companies are enrolling their staff
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