Accounts Payable Management Software Definition
An accounts payable management software system is a computer program that helps businesses manage and track their accounts payable. This type of software typically includes features for creating and tracking invoices, making payments, managing vendor relationships, and reporting.
The main purpose of an accounts payable management system is to streamline and automate the accounts payable process. By using this type of software, businesses can save time and money on their accounting and finance operations. In addition, an accounts payable management system can help businesses improve their vendor relationships by providing visibility into payment terms and balances.
There are a variety of different types of accounts payable management software systems available on the market today. Some popular options include SAP Ariba Payables, Oracle E-Business Suite Payables, and Sage Intacct Accounts Payable.
