NetSuite 
Sage Intacct 
QuickBooks 
Microsoft Dynamics 
ERP Integration Options 
Jira Integration – Streamline Your Workflows 
Ironclad Integration – Simplify Legal Operations 
DocuSign 
Asana 
Slack 
TravelPerk 
SSO 
American Express Card 
Silicon Valley Bank Card 
Finance & Accounting Glossary Terms
Brushing up on the basics.
Explore finance, accounting, and procurement related terms.
From procure to pay to close.
An audit trail is a chronological record of all financial transactions and activities that occur within an organization.
Business intelligence is the process of collecting, analyzing, and interpreting data to make informed decisions within an organization.
Cross-border payments are payments made between parties located in different countries.What are cross-border payments?
Procure-to-pay (P2P) analytics is the use of data and analytics to improve the P2P process.
Supplier information management (SIM) is the process of collecting, storing, and analyzing information about suppliers.
Expense reports are a vital part of any business, and without proper systems, they can become an outsized part of an accountant’s job.
A general ledger (GL) is the central book of accounting in which all financial transactions are recorded.
Approval workflows are the cornerstone of any company’s purchasing process.
Document management is the process of capturing, storing, organizing, and retrieving electronic and paper-based documents.
Visibility and control over financial transactions are essential for accountants and finance teams to maintain accurate records and ensure the compliance.
Corporate card reconciliation is the process of matching the transactions on a corporate credit card statement to the corresponding entries in the company’s GL.
Indirect spend is the term used for purchases that aren’t included in an organization’s cost of goods sold (COGS).
Invoice automation refers to the use of software to handle invoice workflows.
Automated invoice processing software is a solution for businesses to streamline their AP operations, eliminate inefficient manual work, and optimize cash flow management.
An IPO, or initial public offering, is when a private company offers its shares to the public for the first time.
Accounts payable (AP) automation is the use of technology to automate the AP process.
Budget controls are a set of procedures and policies that are used to ensure that an organization’s actual spending adheres to its financial plan.
The month-end close is a critical accounting process that happens at the end of each month, with the goal of finalizing a company’s financial records for that period.
On Time, In Full is a key performance metric within supply chain management because it represents the efficiency and reliability of the delivery process.
Payment terms are the conditions under which a buyer must pay a seller for goods or services.
A pro forma invoice is a preliminary invoice that is sent to a customer before the goods or services have been delivered.
Find out what is the procure-to-pay process, best practices, and why you should implement a well-defined one for your business.
Procurement is a multifaceted concept central to the functioning of businesses, organizations, and governments.
Discover what is purchase requisition, why it is important, the benefits of utilizing purchase requisitions, and how to streamline the process.
A Request for Proposal is a formal document that organizations use to solicit bids for services, products, or solutions from potential suppliers or vendors.
Robotic process automation (RPA) is a technology that allows businesses to automate repetitive, rule-based tasks.
Supplier relationship management (SRM) is a crucial part of procurement that focuses on nurturing and optimizing relationships with suppliers.
Reconciliation is the process of comparing two sets of records to ensure that they agree.
Spend management is the process of planning, budgeting, tracking, and controlling spending.
Virtual cards are a type of credit or debit card that are generated and stored electronically.
Automated Clearing House (ACH) payments are a streamlined way for businesses to transfer funds electronically between bank accounts.
When to pay bills is a vital part of cash management. It’s a delicate balance, making it essential to manage days ...
Discounted cash flows is a valuation method used to determine the present value of the future cash flows generated by an investment or business opportunity.
Early Payment Discounts are a pivotal strategy in financial management, offering mutual benefits to both suppliers and buyers.
An electronic document management system (EDMS) is a system that captures, stores, manages, and retrieves digital documents in a central location.
Fraud prevention is a series of proactive measures to detect, deter, and mitigate the risk of fraudulent activities within an organization.
Incoterms are a set of standardized trade terms published by the ICC outlining responsibilities and obligations of buyers and sellers in international trade.
Internal controls are policies, procedures, and systems that safeguard a company’s assets, ensure accurate financial reporting, and uphold compliance with laws and regulations.
A note payable is a written promissory note stating that a company owes money to an external lender or creditor and is a legal contract outlining specific loan terms.
Fiduciary responsibility represents a legal and ethical obligation held by an individual or entity to act in the best interest of another party.
A purchase order (PO) is a legally binding document issued by a purchaser to a vendor.
E-sourcing is a strategic procurement process that uses digital technology and online platforms to optimize the sourcing of goods, services, and suppliers.
The invoice-to-pay process is the end-to-end workflow of managing and settling accounts payable obligations.
A cash flow statement is one of the three central financial statements, along with the income statement and balance sheet.
Discover what cost reimbursement contracts mean, the mechanism, the entire reimbursement process, and the types of cost reimbursement contracts.
A purchase order number is an identifier businesses use when making a purchase. Both the buyer and seller use these numbers to track orders, ensure accurate billing, and manage financial records.
Understand what a procurement policy means, its key functions and benefits, and best practices for creating one for your organization.
A statement of operations is a financial document that assesses the financial performance of a company over a specific period.
Navigate amortization with ease — what is it, types, how to calculate, amortization schedule, and best practices.
Request for quote (RFQ) is a versatile procurement tool used across various industries. It plays a crucial role in facilitating fair competition and fostering transparent communication between buyers and sellers.
The accounts payable turnover ratio is a vital financial metric that evaluates an organization’s efficiency in managing short-term liabilities and cash flow.
Cash flow management is the process of monitoring, analyzing, and controlling a company’s cash inflows and outflows.
Contract compliance is the process of ensuring that a business is meeting all of its contractual obligations.
Direct spend refers to expenses directly involved in the production of an organization’s products or services.
Electronic billing (eBilling) is the process of sending and receiving invoices electronically.
eProcurement is the process of using electronic technology to automate the procurement process.
ERPs are integrated software applications that help businesses manage their core business processes, e.g., accounting, manufacturing, human resources, and sales.
Invoice processing is the critical accounting process of receiving, reviewing, and paying invoices from suppliers.
What is IPO readiness?
IPO readiness refers to a privately owned company’s preparation to offer ownership equity ...
Real-time visibility into financial operations is essential for accountants in today’s fast-paced business environment. By having access to real-time data, accountants can make more informed decisions, identify potential problems early on, and improve their overall efficiency.
Request for X, or RFx, encompasses a family of documents used by organizations to initiate the procurement process and solicit proposals from potential vendors.
Source-to-pay is a process that encompasses the procurement lifecycle, from identifying and sourcing suppliers to receiving and paying for goods and services.
Spend analytics is the systematic process of collecting, cleansing, categorizing, and analyzing spending data to gain actionable insights into an organization’s spending habits.
Supply management, often referred to as procurement or supply chain management, is the strategic sourcing, procurement, and optimization of resources necessary for an organization’s operations.
Tail spend refers to the numerous, lower-value, and unmanaged transactions outside of strategic spend.
The intake process is the first step in procurement. During intake, requisitions for goods or services are submitted and assessed.
The workflow or process of negotiating terms and obtaining products, services, or labor from an outside source
The Rule of 40 is a guideline for measuring the health of software-as-a-service (SaaS) companies.
Total cost of ownership (TCO) is a framework used to understand the true costs of buying something, plus the cost to operate it over its useful life.
Value engineering, also known as value analysis or value management, is used to optimize the value of products, projects, processes, or services.
Vendor management is a strategic approach that organizations use to optimize relationships with suppliers, vendors, or partners during the procurement lifecycle
Working capital management is the process of managing a company’s assets and liabilities to ensure that it has cash flow to meet its short-term obligations.
No results found.
Take a tour of Airbase.
See the top-ranked spend management solution in action with an interactive, click-through product tour.
Are you ready to take
control of your destiny?
