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Glossary of Terms

Know your AP from your P2P,
and your ERP from GRNI.

A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z

A

Automated Payment Processes
Automated Clearing House (ACH)
Advance Ship Notice (ASN)
Artificial Intelligence (AI)
Autocoding
Audit Trail
Accounts Payable Automation
Accounts Payable
Accounts Receivable (AR)

B

Bill of Lading

C

Cross-Border Payments
Compliant Archive
Contract Management
Contract Compliance
Cloud Based Software
Cash Flow Management

D

Delivery Charges
Document Management

E

Electronic Funds Transfer (EFT)
Environmental Surcharges
Electronic Data Interchange (EDI)
Enterprise Content Management (ECM)
Exception Handling
Early Payment Discount (EPD)
ERP
eSourcing
eProcurement
eInvoicing
eBilling

G

GRNI

I

Invoice Scanning
Invoice Processing Analytics
Invoice Processing
Invoice Matching
Invoice Fraud
Invoice Capture
Invoice Automation
Invoice Approval

M

Minimum Order Quantity (MOQ)

O

On-Premise
Optical Character Recognition (OCR)

P

Payment Optimization
Payment Transaction Costs
Payment File
Pro-Forma Invoice
Procurement Lifecycle
Procure-to-Pay Automation
Purchase Requisition
Purchase Request
P2P Analytics
Procurement Risks
Procurement Card
PO and Non-PO Invoices
Purchase Order (PO)

Q

Query Management

R

Remittance Advice
Request for Information (RFI)
Robotic Process Automation (RPA)
Recurring Invoices

S

Supplier Lifecycle Management
Surcharges
Supplier Information Management (SIM)
SaaS Accounting Software
Supplier Management
Strategic Sourcing
Spend Management
Straight Through Processing
Source-to-Pay
Spend Analysis
Supply Chain

T

3 (Three) Way Matching

V

Virtual Credit Card
Vendor Management
Vendor Portal

W

Wire Transfer
Working Capital Management

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