Description

SAP Accounts Payable and Receivable (AP-AR) is a financial and accounting data management and application component recording solution designed for financial sectors. It enables users to record and administer accounting data for vendors; make postings in response to the operative transactions automatically; configure balance confirmations, account statements, and audit information; monitor open items such as account analyses, alarm reports, due date lists, and dunning programs; document the transactions and carry out direct debiting and down payments. Features include payment schedule management, invoice management, dispute management, liquidity planning tools, and electronic data interchange (EDI).