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GlossaryFinancial

Accounts Payable (AP)

Money a company owes to its suppliers and vendors for goods and services received. Efficient AP management captures early payment discounts and maintains supplier relationships.

Key Benchmarks

Touchless rate target: 80%+
Cost per invoice: $3-$15
Early payment discount capture: 75%+

Related Terms

Procure-to-Pay (P2P)

The complete procurement lifecycle from identifying a need, selecting a supplier, creating a purchase order, receiving goods, processing the invoice, and making payment.

Working Capital

Current assets minus current liabilities. Represents the liquid capital available for daily operations. Optimizing working capital means reducing DSO, optimizing inventory, and managing AP strategically.

See Accounts Payable (AP) in action

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