Our Accounting Operations team is managing an integrated scope of Purchase to Pay (P2P) and Credit & Collections (C&C) activities. The team's mission is to lead processes by maintaining excellent relationships with our customers, internal finance leadership, and cross-functional business partners.  
Purchase to Pay – this function is at the heart of Philips Finance. It ensures calm control of core financial processes for Philips, such as monitoring invoice processing and payments or KPI management. The team's objectives are to ensure accounting integrity and transparency combined with reliable and predictable quality. They work hard to drive standardization, simplification, and operational excellence.  
Indirect Tax – the Indirect Tax team ensures the high quality of VAT reporting within Philips. The team's primary goal is to provide the right level of VAT compliance, including support for the business in the case of audits and upcoming VAT law changes.  
Procurement Operations – the Procurement Operations team is responsible for managing content in the procurement tools and liaising with Infosys Procurement. They also act as first-line support for end-users of the P2P process.  
Collections - the team coordinates and follows through on collecting payments, outstanding collections plans, reducing past due, harmful debt exposure, and other quantitative targets. On top of that, the team supports and develops accounts receivable lean process improvements and ensures master data quality.   
Credit Risk – the team is responsible for managing the credit risk within a diversified portfolio of accounts related to sales on credit to customers. By evaluating customers' creditworthiness, the group sets the policy for decisions/judgment and assigns credit limits and risk categories.  
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