As businesses measure their growth based on revenue and expense cycles, accounts payable’s invoice payment activities can have a large impact on these cycles. Invoice processing is a key part of the procure-to-pay life cycle that makes up a company’s expenditure cycle.

With grocery transitioning more rapidly than ever into a consumer-driven industry, issues such as determining the best product mix and inventory size are strategically important for a grocer looking to cash in on e-commerce sales. With ever-shortening lead times, item basket customizations, and year-round discounts, inventory management plays an even greater role today than ever.