Accounts payable (AP)

The customer's obligation to pay an invoice for goods or services obtained from their supplier by a certain date, provided that it hasn't been paid already. Usually, this term applies to the entirety of the field relating to the management of such claims and their timely payment.

Companies don't typically pay for a delivery as soon as they receive goods, but instead set their terms of payment (limited by law). The whole process of paying a claim usually prolongs the approval of contributions in kind by persons responsible, especially in the case of multi-level approval processes. This makes it difficult for claims to be paid in a timely manner and may lead to a deterioration of supplier-consumer relations. The iNVOiCE FLOW service helps shorten the overall AP process as well as make it more transparent.

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