Purchasing & Accounts Payable Glossary

E-invoicing or electronic invoice is the process of digitizing the supplier invoicing process. Read More

E-procurement or electronic procurement is using technology to automate the end-to-end procurement process for a company. Read More

The concept of early payment discount is rooted in the principle of time value of money, which states that a dollar today is worth more than a dollar tomorrow. Read More

Ethical purchasing, also known as ethical sourcing or ethical procurement, is a significant aspect of corporate social responsibility (CSR). Read More

Expense management is a crucial part of your business. No doubt that managing your expenses can be a time-consuming and even complex task when done manually. Read More