Analyst – Purchase to Pay

Position Overview

The Analyst – Purchase to Pay (P2P) plays a vital role in supporting Philips’ finance and procurement functions by ensuring accuracy, compliance, and efficiency across all purchase-to-pay activities. This position is responsible for verifying invoices, maintaining purchase records, documenting transactions, resolving discrepancies, and adhering to internal control procedures to safeguard company assets.

As part of a global health technology leader, the Analyst – P2P will contribute to operational excellence by enabling smooth and transparent financial processes. The ideal candidate should possess strong analytical skills, financial acumen, and the ability to collaborate effectively in a structured, deadline-driven environment.

Key Responsibilities

• Support end-to-end Purchase-to-Pay (P2P) operations, ensuring compliance with internal policies and standards.

• Execute assigned P2P tasks accurately and efficiently, meeting all quality and timeline requirements.

• Adhere to internal control systems to prevent errors, fraud, and inefficiencies.

• Document purchase transactions and maintain accurate financial records.

• Verify invoices against purchase orders and receipts, identifying and resolving discrepancies promptly.

• Enter and manage purchase data in accounting and procurement systems for accurate tracking and reporting.

• Assist in resolving routine purchase, delivery, or payment issues while maintaining positive vendor relationships.

• Continuously update knowledge of best practices and industry trends through professional development.

Skills & Qualifications

• Education: Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field.

• Experience: Minimum 2 years of experience in Purchase-to-Pay (P2P), Accounts Payable, or Finance operations.

• Technical Skills:

  • Strong understanding of accounting principles and billing processes

  • Proficiency in data entry, document management, and financial systems

  • Knowledge of regulatory compliance and cash flow management

• Soft Skills:

  • Excellent attention to detail and organizational skills

  • Strong analytical and problem-solving abilities

  • Effective communication and teamwork skills

Work Arrangement

At Philips, we believe collaboration drives success:

• Office-based roles: Minimum 3 days per week onsite.

• Onsite roles: Full-time presence required at company facilities.

• Field roles: Primarily conducted at customer or supplier locations.

This position is classified as an onsite role, based at the Philips Chennai office.

About Philips

Philips is a global health technology company dedicated to improving people’s health and enabling better outcomes across the health continuum—from prevention to diagnosis, treatment, and home care. Guided by innovation and purpose, we are building a healthier future for people around the world.

Join Philips and do the work of your life to improve the lives of others.

Tagged as: Accounts payable, MS Excel