Effective accounts payable management is essential for small and medium-sized businesses (SMEs) to preserve their financial health and cultivate positive relationships with suppliers. The money that SMEs owe their suppliers for goods or services that they bought on credit is referred to as accounts payable. Receiving invoices, confirming their accuracy, and promptly processing payments are all part of this procedure.SMEs frequently struggle with things like scarce resources, problems managing their cash flow, and the requirement to implement affordable automation solutions. 

Invoice Processing 

Accounts payable services often include the efficient processing of invoices received from suppliers.

Payment Management

This includes scheduling payments based on due dates or negotiated terms, optimising cash flow by taking advantage of early payment discounts