👉 Payable computing is an innovative approach to financial transactions that integrates digital payment systems with traditional banking and accounting processes, enabling businesses to automate and streamline their billing and payment cycles. In this model, invoices are generated electronically and can be instantly paid by customers using various digital payment methods, such as credit cards, mobile payments, or online wallets. The system automatically sends payment requests to the customer's preferred payment method, which is then tracked and recorded in real-time. Once payment is received, the invoice is marked as paid, and the transaction is reflected in the company's financial records. This technology reduces manual intervention, minimizes errors, accelerates cash flow, and enhances transparency and control over financial operations.
