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Accounts Payable Payment Process

oboloo Glossary

Accounts Payable Payment Process

Accounts Payable Payment Process (APPP) is the system by which businesses process payments for goods and services they’ve purchased. This process includes activities such as verifying invoices, issuing payment, distributing reports and resolving discrepancies. The goal of APPP is to ensure prompt and accurate payment of vendor invoices, while also helping to protect against fraud and financial loss. By handling payments in an organized and efficient manner, your business can save time and money while improving relationships with vendors.

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