Definition: Accounts payable (AP) refers to any short-term financial obligations a buy-side firm has with vendors. The AP team is responsible for reviewing these obligations, validating invoices, and ensuring that all outstanding payments are processed accurately and on time.
Example: An example of accounts payable would be an invoice from a market data provider for a subscription to a specific data feed.
Explore IVP Accounts Payable Services
IVP Accounts Payable Services streamline vendor management, contract tracking, invoice processing, and expense allocations with advanced automation. Offered as a managed service in tandem with Expense Allocation System (EAS)™ by IntegriDATA, an Indus Valley Partners company, IVP AP Services help firms manage labor-intensive tasks like invoice processing and transaction handling while maintaining full control and oversight.
