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Accounts Payable
The amount of money owed by a company to its creditors or suppliers for purchases made on credit, typically recorded on the balance sheet under current liabilities.
Paper Invoices
Traditional, physical billing documents issued by a seller to the buyer, detailing the products or services sold and the amount due.
Procure-to-Pay (P2P)
The process that businesses use to requisition, purchase, receive, and pay for goods and services.
Order Cycle Times
The duration between when a customer places an order and when they receive the product, often a critical metric in supply chain management.