The Financial Close
May 12, 2025 9:20 am |
The process of finalizing all accounting entries at the end of a reporting period to produce financial statements. G
Archives
Three-Way Match
May 12, 2025 9:21 am |
A process that compares an invoice, purchase order, and goods receipt to ensure they match before approving payment.
Tokenization
May 12, 2025 9:21 am |
A payment security process where sensitive data (like card numbers) is replaced with non-sensitive, random tokens to prevent misuse.
Touchless Invoice Processing
May 12, 2025 9:21 am |
A fully automated, no-human-touch workflow that captures, approves, and posts invoices electronically.
Two-Way Match
May 12, 2025 9:21 am |
A simpler validation process that matches an invoice against a purchase order—typically used when goods receipts aren’t required. V
Value-Added Reseller (VAR)
May 12, 2025 9:21 am |
A company that enhances third-party products and resells them as part of an integrated solution.
Virtual Card
May 12, 2025 9:21 am |
A single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W
Wire Transfer
May 12, 2025 9:21 am |
An electronic method for sending funds between banks, often used for large or urgent payments. # # #
