What is AP invoicing?

Accounts payable (AP) invoicing is the process of receiving, recording and routing invoices, and executing payments. The process is complex, requiring multiple levels of approvals, at times, depending on what stage an invoice may be in and how the payer enterprise operates.

AP automation gives enterprises the flexibility to optimize operations and set controls to the desired level. Digital solutions such as AP automation eliminate paperwork, manual invoice processing and data-entry errors, and they drastically reduce invoice cycle time without sacrificing accuracy.

Related Terms

What is Accounts Payable (AP)?What is Accounts Receivable (AR)?What is Acquisition Cost?What is Active External Integration?What is Added Value?