Payment Management Use Cases
← Receivables/Payables Management
As companies do business, they sell goods or services to customers. At the same time, companies must buy supplies or utilities in order to function. That is, businesses sell and purchase assets. These operations involve payments or payouts – documented in orders, invoices, credit notes or other statements. From an accounting perspective, they represent your accounts receivable and accounts payable – money requested from or owed to a business partner.
Payment management-related use cases include: