Procurement and finance terminology explained
We get it, eProcurement and finance are full of buzzwords and terms that are just plain confusing. In our glossary, we breakdown this world of confusing language into digestible chunks, so you can understand what means what.
What is Accounts Payable Automation (AP Automation)?
What is Accounts Payable?
What is eInvoicing?
What is Invoice Processing?
What is Invoice Scanning?
What is Invoice Matching?
What is Invoice Approval?
What is Supplier Management?
What is Contract Management?
What is Supplier Information Management (SIM)?
What is Strategic Sourcing?
What is eSourcing?
What is eProcurement?
What are eAuctions?
What is eTendering?