What is SAP Accounts Payable?

SAP Accounts Payable (SAP AP) is a module within SAP's financial accounting (FI) component that automates and streamlines the process of managing and paying supplier invoices. It handles vendor master data, invoice processing (including invoice verification and matching), payment processing, and reporting related to a company's liabilities to its suppliers. Common uses include managing vendor invoices, automating payment runs, ensuring compliance with payment terms, and providing financial insights into accounts payable data for better cash flow management and decision-making.