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Company Overview
At Procure Analytics (PA), we are passionate about driving continuous value by utilizing cutting-edge technology and implementing customized solutions in various categories to service our 900+ member companies. Headquartered in Atlanta, PA was founded to address the complex challenges of frequently ignored indirect and tail spend categories of Maintenance, Repair, and Operations (MRO), Packaging, and Freight. PA combines $1.5b+ of purchasing leverage and supplier relationships, together with dedicated advisors, proprietary analytics, and artificial intelligence, to drive ongoing value and supply chain resiliency for our members.
PA’s analytical and reporting tools offer the insight needed to optimize MRO, Packaging, and Freight – all at no cost to members. In the last decade, PA has grown from 2 employees and $5 million in total managed spend to over 100 employees and more than $1.5 billion dollars in spend, while maintaining its high-touch service model and member-focus. PA has a very collaborative, humble, and values-driven culture that upholds these guiding principles:
- Act with integrity and in compliance
- Drive value creation
- Be disciplined entrepreneurs
- Be innovative
- Be accountable
- Treat others with dignity and respect
Strong Private Equity Ownership
In December 2021, Genstar Capital invested in PA, along with a large rollover from Bregal Sagemount and the management team. Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Based in San Francisco, Genstar has developed a strong market reputation of working in partnership with management teams and its network of strategic advisors to build industry-leading businesses while generating outsized returns. Genstar’s vision is to help build lasting, impactful companies that will continue to succeed well beyond their ownership. Genstar currently has approximately $33 billion of assets under management and targets investments focused on targeted segments of the software, industrials, healthcare, and financial services industries.
In 2020, Genstar was ranked 2nd worldwide in aggregate private equity fund performance (out of 529 PE firms) and ranked 3rd in 2019 (out of 497 PE firms) by HEC-Dow Jones. For more information, please visit?www.gencap.com.RequirementsPA is seeking an experienced professional with combined AR and AP experience who will be responsible for the order-to-cash and procure-to-pay cycles. This person will be in charge of processing invoices, payments, and collections, maintains financial records, resolves discrepancies, and coordinates with clients and vendors.
Requires strong leadership skills, attention to detail, and a comprehensive understanding of accounting principles. Scope of work:· Administer the Order to Cash cycle.· Prepare timely and accurate customer billing.· Prompt cash application to outstanding invoices.· Review AR aging for past due customers. Create a plan with the customer for prompt payment.· Remediate any invoicing or payment issues with customers.· Actively collect past due invoices, with customer touchpoints each month.· Ensure dunning is set up and working as expected.· Identify customers who are paying via check and transition customers to ACH.· Utilize and facilitate PSP relationships.· Administer the Procure to Pay cycle.· Prepare timely and accurate entry of invoices.· Prepare weekly AP payment batch and record payments in NetSuite.· Prepare cash and P-Card reconciliations.· Collection of W-9 for all vendors and preparation of annual 1099 forms.· Verbal confirmation of all third-party banking information.· Review and process T&E expense reports weekly.· Assist with bank on connection to NS.· Prepare detailed procedures for recurring situations.· Identify and propose process improvements.· Other duties as assigned.
