Definition: Payments made to third-party suppliers, vendors, and service providers for services rendered, typically after an invoice has been submitted and approved by the accounts payable (AP) team.
Example: An example of a vendor payment is a payment made by a buy-side fund to a fund administrator for providing accounting or fund administration services.
Explore IVP Accounts Payable Services
IVP Accounts Payable Services helps buy-side firms manage vendor payments. 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.
