Definition: Sourcing, selecting, onboarding, and managing third-party suppliers, vendors, and service providers, including ensuring the services provided align with contractual obligations.
Example: An example of vendor management is an AP report identifying vendors that are not in compliance with their contract terms or service agreements.
Explore IVP Accounts Payable Services
IVP Accounts Payable Services helps buy-side firms improve vendor management. This service also streamlines 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.
