Glossary
ERP, tax and AI terms, in plain words.
Short definitions, with the application and agent that handles each one.
A
Accounts payable automationAccounts receivable ageingAI agent (in an ERP)AI creditsAMC (annual maintenance contract)Approval workflowB
Bank reconciliationBOM (bill of materials)C
CRM (Customer Relationship Management)CAM (common area maintenance)Cash-flow forecastChange requestCredit hold in ERPD
Data residencyDPDP ActDunning (collections follow-up)E
E-invoicing in India (GST IRN)e-Way billEnterprise Reasoning PlatformERP (Enterprise Resource Planning)F
FEFO / FIFOG
GRNI (Goods Received Not Invoiced)GEO (generative engine optimisation)GST (Goods and Services Tax)GSTR-2BGSTR-3BH
Human in the loopI
Input tax credit (ITC)Inter-company reconciliationInvoiceNow (Peppol)IRN e-invoiceM
Making Tax Digital (MTD)MRP (material requirements planning)Multi-entity consolidationP
Period close (month-end close)R
RA bill (running-account bill)Retention moneyS
Sales-tax nexusSemantic layer (certified metrics)Share of ModelConversationsGets better with useRecords & documentsT
TDS (tax deducted at source)U
UPI QR on invoiceThe Day (Zest)Three-way matchV
Veil (AI privacy layer)W
WPS (Wage Protection System)Z
ZATCA Fatoorah