Electronic Accounts Payable

Electronic Accounts Payable

Electronic Accounts Payable

oboloo’s Glossary

Electronic Accounts Payable (EAP) is a digital system that helps businesses automate the accounts payable process. EAP manages invoices and payments securely, efficiently and cost-effectively. It also ensures timely payments to suppliers and reduces manual labor, paper consumption and errors associated with traditional accounting processes. EAP provides accurate tracking of accounts receivable for better cash flow management and better visibility over spending patterns.