Approval

A contract is a legally binding agreement between parties specifying an arrangement or transaction, and containing the terms and conditions that apply. It is the cornerstone to any business

Evaluated Receipt Settlement (ERS) is a procedure for the automatic settlement of goods receipts. It was pioneered in the U.S. by Ford Motor Company (having learnedit from Mazda) to save the company

Business process management providers now offer secure mobile applications for the automated capture and processing of accounts payable information. One such mobile phone offering by Kofax allows for

The digital signatures can be verified for signer identity, intent, and content integrity by any recipient without the need for proprietary validation software or third-party support. Paired with

Just Assume Using a process called “assumed receipt,” payments up to a certain amount are made directly off of a purchase order and an invoice (and sometimes just the PO alone). There is no

Waiting for an invoice to be approved can test the patience of any AP professional. After all, who knows better than AP how tardy approvals can hold up the entire payment process?

Not only does AP

Invoices are essential to the accounts payable department's success. They clearly tell AP what was purchased, the quantity, the price, and break out additional charges like delivery and tax. Without

Software has made it easier for accounts payable departments to catch incorrect vendor payments before an invoice is paid. At the click of a mouse, AP can generate reports listing potential duplicate