Glossary

An incoming payment marks a key moment in day-to-day business operations: It represents the completion of a financial transaction between companies.

Indexing is the foundation for fast information retrieval. It ensures that searchers get results instantly – without having to take a coffee break.

The input tax deduction is a key principle in German VAT law. It allows businesses to offset the VAT they pay on incoming invoices against the VAT they collect from their customers. This significantly reduces the tax burden for companies.

A faulty invoice isn’t a disaster, but it must be corrected properly. Only a formal invoice correction ensures that accounting records and tax documentation remain legally compliant.

An invoice number is more than just a string of digits. It’s a mandatory element of a proper invoice and plays a key role in business transactions.

ISO 27001 is an internationally recognized standard for Information Security Management Systems (ISMS).

ISO 9001 is the globally recognized standard for quality management systems (QMS).

Journal entries bring structure to the world of accounting.

Machine learning is a key technology driving digital transformation. It enables systems to learn from data and continuously improve on their own.

This term comes from the field of purchasing management, or more precisely, from strategic purchasing. As such, Maverick Buying describes unwelcome behavior in the field of corporate purchasing management.

The efficient and secure management of data and applications is crucial for the success of companies. The multi-client capability of software products plays a central role in this.

Natural language processing (NLP) is a branch of artificial intelligence (AI).

Learn how the need-to-know principle protects your sensitive data – and why it’s a must-have in any modern IT strategy.

Yet another acronym from the IT world: OCR. This one stands for optical character recognition.

This term describes a deployment and licensing model for a deployed software solution. On-premises means something like “in-house”. Of course, this is not to be taken literally

Secure passwordless login is the aim of this new technology. With Passkeys, the days of logging in to websites or apps using login details, as we have been used to for a long time, should be over.

What’s actually used to settle an invoice? Cash, bank transfer, credit card or digital coins?

When is an invoice due: immediately, in 14 days, after a month, or even half a year later?

Payment transactions encompass all processes that enable companies to handle incoming payments reliably, securely, and transparently.

Payroll accounting ensures that salaries are calculated correctly, paid on time, and documented in compliance with legal requirements. Sounds technical? It is, but it's essential for every business.