Suitable for anyone in procurement or business stakeholders, who want to better understand the basics of finance and supplier financials.
Each finance for procurement course provides practical, hands-on activities to work through finance scenarios.
Our finance courses are available either as classroom training at your location in most countries worldwide, as live, online, instructor-led workshops (best format for finance courses), or as an elearning pathway on Procleus.
Frequently Asked Questions
Why do procurement people need to understand finance?
A reasonable understanding of finance; in particular, a supplier’s financial information, is a key part of a procurement professionals’ role. It’s essential to assess and manage supplier related risk in order to get behind price and understand actual cost information.
Do I need any prior finance training?
No. In fact, most procurement professionals have no prior finance training. This course will provide the necessary fundamentals.
Will this qualify me to examine a supplier’s accounts?
It will provide the ability to understand, at a high-level, what a supplier’s set of accounts are telling you.
Is this training based upon the finance standards in a particular country?
It covers the general principles, different terminologies and approaches used around the world.
Do I need to be able to use spreadsheets for this training?
Yes, having a reasonable capability with Microsoft Excel spreadsheets is essential.
Is this course only for procurement people?
No, it is suitable for anyone who works with suppliers who wants to better understand a suppliers’ financial information.