Epayables

ePayables is a form of electronic invoice presentment and payment (EIPP) [" [http://www.theaccountspayablenetwork.com/segue.php?name=Articles&file=article&sid=26 The Accounts Payable Network: Invoice Presentment Models] ". Accessed August 20, 2008.] , Accounts Payable automation [" [http://www.aberdeen.com/summary/report/benchmark/4155-RA-epayables-solution.asp Aberdeen Group: Epayable Solution] ". Accessed August 20, 2008.] that addresses elements of invoice workflow [" [http://www.aberdeen.com/summary/report/benchmark/3940_RA_E-Payables.asp Aberdeen Group: E-Payables: Advancing A/P Automation] ". Accessed August 20, 2008] by streamlining the routing, coding, approval and validation processes [" [http://www.oildex.com/press/Transzap_Pros.pdf Supply and Demand Chain Executive Pros to Know Profile: Oildex a service of Transzap, Inc] ". Published May 20, 2008. Accessed August 20, 2008.] . E-payable systems create efficient invoice processes that improve worker accuracy and productivity and lead to a reduction in process costs [" [http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=603&docId=l:l:839282551&topicId=10721&source=undefined&start=5&topics=single The Accounts Payable Network: Electronic Invoice Presentment and Payment] ". Published June 2008. Accessed August 22, 2008.] .

To derive the most value from an ePayable system, it should be integrated with an ERP application or other back-office system such as accounting, purchasing, or order management program [" [http://www.theaccountspayablenetwork.com/html/modules.php?name=Articles&file=article&sid=227 The Accounts Payable Network: Paperless Processing] ". Accessed August 22, 2008.] .

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