What is Accounts Receivable (AR)
Accounts receivable, or AR, refers to a company’s anticipated payments for goods or services supplied to customers. Simply put, AR is the money that your customers owe you — generally in the form of invoices. It is the exact opposite of accounts payable or AP, where you owe money to someone else.
ARs are legally enforceable and must be paid within the stipulated time frame. AR is found in the current assets section of a company’s balance sheet and is reflected as an asset. Learn more about accounts payable software and accounts payable services offered by GEP.
World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise
GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.
