Monetized AP Process
May 12, 2025 9:21 am |
Transforming accounts payable into a revenue-generating function through tools like virtual card rebates and early payment discounts. N
Archives
Natural Language Processing (NLP)
May 12, 2025 9:21 am |
A form of AI that enables computers to understand and process human language—used in chatbots, document review, and invoice categorization. Net Terms (e.g., Net 30) This is a payment agreement where full payment is due within a specified period (e.g., 30 days) after the invoice date.
Network Payments
May 12, 2025 9:21 am |
Supplier payments are routed through a third-party payment network for added security, remittance tracking, and data enhancement. P
Payee / Beneficiary
May 12, 2025 9:21 am |
The party receiving payment, such as a supplier, vendor, or contractor. PCI DSS (Payment Card Industry Data Security Standard) A set of industry-mandated standards for securing cardholder data during processing and transmission.
Phishing
May 12, 2025 9:21 am |
A type of cyberattack that uses fraudulent emails to trick users into sharing sensitive information like login credentials or banking details.
Positive Pay
May 12, 2025 9:21 am |
A fraud prevention system where businesses send check issuance details to their bank, which then verifies checks presented for payment.
Procure-to-Pay (P2P)
May 12, 2025 9:21 am |
The complete purchasing cycle, from requisitioning and purchasing goods/services to payment and reconciliation.
Purchase Order (PO)
May 12, 2025 9:21 am |
A formal document issued by a buyer authorizing the purchase of goods or services under agreed terms. R
Real-Time Payments (RTP)
May 12, 2025 9:21 am |
A digital payment method that settles and clears transactions immediately, typically 24/7/365.
Rebate
May 12, 2025 9:21 am |
A financial incentive returned to the buyer based on specific criteria, such as using virtual cards or meeting spend thresholds.
