Definition: The repayment of employees for approved business expenses, such as travel and entertainment.
Example: An example of reimbursement is a sales team member being reimbursed for airline tickets and hotel expenses incurred while attending an industry conference to deliver a presentation.
Explore IVP Accounts Payable Services
IVP Accounts Payable Services helps buy-side firms handle reimbursement. This service streamlines vendor management, 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.
