NetSuite Sandbox is a test account that creates a precise replica of a company’s operational environment to configure business management software. On this platform, all users are permitted to make any changes, which will appear similar to the modifications of your actual database. However, external transactions, like payments and emails, will not be processed.
An EDI 820 is an electronic exchange of payment and remittance advice between trading partners. It enables companies to streamline the supply chain process and eliminates the need to send paper documents. As part of invoice workflow management, EDI 820 automation submits data directly into the receivable system and keeps the cost of business down.
Successful companies are always looking for ways to optimize internal processes, including accounts payable. No matter the size of your business, there will always be the need to pay bills.
Thus, it’s in your best interest to understand and update your accounts payable best practices on a regular basis. Here are a few tips and tricks to get you there: