oboloo Glossary

Digital Accounts Payable

oboloo Glossary

Digital Accounts Payable

Digital Accounts Payable (DAP) is an automated system that streamlines the process of paying invoices. It eliminates manual processes and provides a more efficient way to manage accounts payable. With DAP, businesses can reduce the time and cost associated with processing invoices, and increase the accuracy of payments. DAP also provides a centralized platform for managing accounts payable, which makes it easier to track and analyze spending. Additionally, DAP can be integrated with other financial systems, allowing businesses to access real-time data and insights into their financial performance. By leveraging DAP, businesses can reduce the amount of time and money spent on accounts payable, and increase their efficiency and accuracy.