Payment automation
Payment automation is the shift from paper checks and manual bank uploads to electronic workflows that pay your suppliers for you.
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Indirect spend, ACH, and 3-way match. You come across many words and terms in accounts payable and invoice processing that seem complicated. We're here to untangle the complexity with definitions and examples you actually understand.
Payment automation is the shift from paper checks and manual bank uploads to electronic workflows that pay your suppliers for you.
3-way matching is an accounts payable control process where you verify that the purchase order, goods receipt, and supplier invoice match before approving the payment.