Purchasing & Accounts Payable Glossary

Vendor credits are an integral part of the accounts payable process. They help in maintaining accurate financial records and ensuring that the company's cash flow is managed efficiently. Read More

Vendor evaluation is a critical process in the procurement and accounts payable process. It involves assessing and monitoring the performance and quality of a vendor’s goods or services. Read More

A vendor invoice is more than just a bill. It is a legal document that provides a detailed account of the transaction between the vendor and the buyer. Read More

Vendor Management is an essential element in maintaining and growing customer loyalty while minimizing any risks and costs associated with managing vendors. Vendor Management also serves as an effective way to ensure that your business gets the best services while securing low costs and maintaining good relationships with your vendors. Read More