Plain-English definitions of AI, accounting, and SaaS-finance terms.
A ratio measuring how many times a company sells and replenishes its inventory over a period, indicating inventory management efficiency.
A formal document issued by a buyer to a seller specifying the goods or services, quantities, prices, and delivery terms for a purchase transaction.
An accounts payable control process that verifies a vendor invoice against the corresponding purchase order and goods receipt before approving payment.
