Definition: The end-to-end accounts payable (AP) workflow of receiving, validating, approving, and paying vendor invoices, along with recording the related transactions in the general ledger.
Example: An example of invoice processing is a fund’s AP team receiving an invoice for a market data feed, validating it against the contract terms, approving the invoice, and processing the payment.
Explore IVP Accounts Payable Services
IVP Accounts Payable Services helps buy-side firms handle invoice processing effectively. This service also streamlines vendor management 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.
