Articles and updates on accounts payable automation, invoice processing and finance operations.
A purchase requisition is an internal request to buy. A purchase order is the external, binding order sent to the vendor. Here is how the two documents differ.
Read articleAn invoice number is the unique identifier assigned to every invoice. Learn what it means, where to find it, common formats, and how to number invoices right.
Read articleA credit memo reduces what you owe a vendor. A debit memo increases it, or records a charge back to them. Here is how each one works in accounts payable.
Read articleThe procure-to-pay process runs from requisition to vendor payment in seven steps. Learn each stage, where AP fits, and how to automate it end to end.
Read articleNet 30 payment terms mean an invoice is due 30 days after the invoice date. Learn how net terms work, common variations, and how they affect cash flow.
Read articleElectronic invoicing sends invoice data in a structured format that software can read directly. Learn how e-invoicing works, the formats, and its AP benefits.
Read articleWhat is touchless invoice processing: invoices captured, matched, approved, and paid with no manual keying. See how it works and how to get there.
Read articleThree-way matching tolerance lets small invoice-to-PO differences pass without manual review. Learn how to set price and quantity tolerances in AP.
Read articleHow to reduce invoice processing costs: cut the cost per invoice from around $13 to under $3 with automation, e-invoicing, and early-payment discounts.
Read articleHow to tell if an invoice is fake: nine red flags AP teams use to spot fraudulent, duplicate, or altered bills before they pay, plus checks that automate it.
Read article