Definition
The back-office function that processes and pays a company's outstanding invoices to its vendors and suppliers.
Cite this definition
"Accounts Payable (AP)", Infusion Business Intelligence Glossary, https://www.infusionbi.com/glossary/AccountsPayable
Business Importance
Outsourced AP processing lets a client scale invoice volume during growth or seasonal spikes without adding permanent finance headcount, while keeping a documented audit trail.
Industry Examples
An AP specialist matching a received invoice against its purchase order before releasing it for payment.
Related Terms
Related Service
How Infusion BI delivers this:
Data Operations & Back-Office
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