My Suggestion:

We can clear/pay the invoices which are overdue/due i.e. open Invoices at a stipulated time. The standard application will support the complete open invoices will be paid as per the stipulated time selection in one go.

Whether it can be one vendor or multiple vendors selection needs to be activated. And if the payment of a single vendor/multiple vendor with a stipulated time, some of the invoice line items needs to be blocked. So this feature is not available in standard application, need to develop the "Payment Block" method in the Invoice Payment.

Regards
Abhi Khandavilli
Wipro Limited
Hyderabad.