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What is the Accounts Payable Process?

Nanonets

What is the accounts payable process? The accounts payable process of a company is the management of its short-term payment obligations to vendors/suppliers. The accounts payable or AP is the amount of money that a business owes to its vendors/suppliers for availing their goods/services.

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The top 15 spend management software in 2023

Nanonets

Streamlined expense approval processes, automating spend limits and approval mechanisms Spend data analysis to identify savings opportunities and recommend cost-saving measures. By combining a user-friendly software platform with a dedicated card, Divvy enables businesses to streamline their financial processes, save time, and reduce costs.