Purchase returns represent a critical component of the procure-to-pay cycle in any business, serving as a mechanism to correct errors, handle defects, or manage over-deliveries while safeguarding cash flow and maintaining accurate inventory records. By processing returns effectively, organisations can ensure that their financial statements remain compliant with standards like GAAP or IFRS , prevent distortions in inventory costs, and foster stronger vendor relationships. The

Vendor Invoice Management is the process of recording and matching an invoice to a purchase order and receipt information. Business...

Behind every customer or vendor, there is a person. Whether in sales, purchasing or finance, your daily schedule involves frequent...