Accounts Payable Services
Manage Contracts & Vendors. Effortlessly.
Comprehensive Solution to Streamline Your Payable Process. All in One Place.
Increase Transparency
Reduce Costs
More Control
Centralized. Streamlined. Controlled.
With growing demands for transparency in vendor payments, budget management, and contract oversight, the accounts payable (AP) function has become more essential than ever. Increasing complexity in managing vendor relationships and handling timely payments requires AP teams to operate with greater accuracy and efficiency.
Accounts Payable Services offer a simplified approach for managers, 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, firms can streamline labor-intensive tasks like invoice processing and transaction handling while maintaining full control and oversight.
Accounts Payable Services Factsheet
Enhance accuracy and scalability with Accounts Payable Services for your AP needs. Find out why.
Learn MoreCore Accounts Payable Services
Vendor and Contract Management
- New vendor setup
- Vendor Status (Active/ Inactive)
- Documentation management (W8, W9, 1099)
- Wire/account detail verification (call and confirm)
- Contract initialization and renewals
- Contract management (terms, payment, renewals)
- Report expiring and expired contracts
Expense Allocations
- Work with controllers for expense allocations
- Execute expense allocation policy in line with fund compliance protocols
- Validate and allocate expenses to funds/management and other entities
- Maintain and validate allocation basis (AUM, NAV, commitments)
- Track fund payables and monthly/quarterly reimbursements
Invoice Processing and Accounts Payable
- Capture of invoice data and terms
- Validation of invoices against vendors and contracts
- Submission into Client Approval Workflow
- Extension to Client AP Accounting Team
- Validation of payment instructions
- Tracking and management of payments
- Matching of purchase orders (POs)
- Net off credit notes
What's Possible with Accounts Payable Services
- Capture data from vendor invoices
- Track aging invoices and identify hold-ups
- Track credit notes and payments
- Track contracts and control your expenses timely
- Expedite approvals and allocations
- Avoid duplicate payments
- Ensure on-time vendor payments and avoid service disruptions
- Follow expense allocation policy
Advantages of Accounts Payable Services
Transparency
Ensure precise expense allocation, seamless regulatory compliance, and efficient vendor management from industry best practices delivered through a dynamic, auditable, fully digital platform.
Operational Excellence
Streamline back-office operations and enhance efficiency with a unified, audit-ready solution for vendors and expenses managed by seasoned accountants.
Data Security
Safeguard your data with services that leverage secure servers and platforms for managing your financial information. As an ISO-certified AP service provider, IVP is committed to the highest standards of data protection.
Lower Costs
Reduce operational costs by outsourcing AP and expense allocation automating processes, increasing efficiency, and improving accuracy, all of which minimize errors and reduce the need for extensive in-house resources.
Quick Turnaround
Expect swift, responsive service across all time zones so all bills and expenses are processed and paid punctually.
More Control
Mitigate operational risks by replacing manual tasks and checks with outsourced and automated processes that ensure robust financial and compliance controls.
Streamline Your Accounts Payable with Ease
Streamline vendor management, contract tracking, invoice processing, and expense allocations with secure and cost-effective Accounts Payable Services.
Factsheet
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Private equity and hedge fund managers use Accounts Payable Services to boost operational efficiency and reduce cost.
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