Knowledge Library · Component
Accounts Payable (AP)
What it is
Everything to do with the money you owe suppliers — receiving bills, approving them, and paying on time.
Why it matters
Paying too early drains cash you could be using; paying late risks relationships and penalties. Controlled payables protect both your cash and your supplier trust — and stop duplicate or fraudulent payments.
What makes it work
- A clear approval process before anything is paid
- Matching each bill to what was actually ordered and received
- Paying on the agreed terms — not too early, not too late
- Visibility of what's due and when, so nothing is a surprise