Vendor Management
To help with the vendor management process, a company can use a software application to manage its vendors in one system. The software, called the vendor management system (VMS), automates vendor selection, hiring, and payment processes.
Accounts Payable Automation Benefits
AP automation software helps you achieve advanced PO matching by supporting two- and three-way matching. Tolerance ranges can be customized to ensure unmatched invoices are only paid when proper permission is provided.