Ghost Card
May 12, 2025 9:20 am |
A virtual card tied to a specific vendor or category of spend, simplifying recurring or repeat payments.
Archives
GL Coding (General Ledger Coding)
May 12, 2025 9:20 am |
The classification of financial transactions into specific accounts to maintain accurate financial reporting. H
Human-Assisted Exception Resolution
May 12, 2025 9:20 am |
A service that involves a human team resolving issues flagged by the automation system, such as mismatched invoices or approval bottlenecks. I
Integrated Payables
May 12, 2025 9:20 am |
A platform that consolidates all payment types – ACH, card, check – into one streamlined workflow.
Intelligent Data Capture
May 12, 2025 9:20 am |
AI-powered technology that extracts, validates, and structures data from invoices or documents with high accuracy.
Invoice Automation
May 12, 2025 9:20 am |
The use of technology to eliminate manual tasks in the invoice processing lifecycle – from receipt to approval and ERP posting.
Invoice-to-Pay (I2P)
May 12, 2025 9:20 am |
The end-to-end process from receiving an invoice to paying the supplier and reconciling the transaction. K KYB/KYC (Know Your Business / Know Your Customer) Regulatory compliance practices that verify the identity of a business or individual before initiating a financial relationship. L
Late Payment Penalty
May 12, 2025 9:20 am |
A fee or interest charged by a supplier when an invoice is paid after the due date. M
Machine Learning (ML)
May 12, 2025 9:20 am |
A subset of AI that allows systems to learn from data and improve over time without being explicitly programmed—used in automation to improve accuracy and prediction.
Mobile Point of Sale (mPOS)
May 12, 2025 9:21 am |
A mobile device or tablet-based system for processing payments without traditional register hardware.
