Invoice Payment Process is the set of activities that make it possible for goods and services purchased to be paid for. It includes activities such as issuing an invoice, requesting payment, receiving payment, and verifying the accuracy of invoices. By having an efficient and effective Invoice Payment Process in place, businesses can avoid costly delays and errors associated with manual processes. This process also helps businesses maintain strong relationships with their vendors and customers by ensuring prompt payment. An effective Invoice Payment Process ensures timely payments, better cash flow management, improved purchase order processing, and better visibility into financial data.