What Is the Difference between Accounts Receivable and Accounts Payable? Your email has been sent Accounts payable and receivable are required to ensure your cash flow and spending are appropriately ...

An efficient accounts payable (AP) process is a necessity for any business as it ensures that vendors and suppliers are paid on time and reduces waste by eliminating late fees and duplicate payments.

In spite of recent technological developments, the Accounts Payable (AP) function is still a largely paper driven system, swamped with huge volumes of paper invoices, presenting businesses with the ...