Your understanding of Technology Expense Management (TEM) terminology begins here with Valicom.This TEM glossary explains the most common terms in simple, approachable language to help you understand, manage, & optimize your telecom environment.
Account Payable
Definition:
The finance function responsible for processing and paying vendor invoices in compliance with payment terms and policies.
Usage Example:
Valicom integrated with accounts payable to streamline invoice approval and payment.
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