SAP FI-AP refers to the SAP modules for Financial Accounting (FI) and Accounts Payable (AP). SAP FI manages an organization's financial data, including general ledger accounting, accounts receivable, accounts payable, asset accounting, and bank accounting. SAP AP specifically handles the processing and management of vendor invoices and payments. It is commonly used by businesses to streamline their financial processes, ensure accurate financial reporting, and maintain compliance with accounting standards.
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