Accounts Payable are the payments a business owes to suppliers for goods or services purchased on credit; a type of short-term debt. Accounts payable are often referred to as "payables." Consistent performance is the hallmark of world-class Account Payable departments, yet manual processes can make it difficult to use the same process consistently across different locations. Manual processes are also difficult to adapt to support the demands of today's digital business and are not easy to scale to handle greater invoice volumes.
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