Vendor Invoice Processing is a business process that involves the receipt, review, and approval of vendor invoices for payment. It starts with vendors submitting their invoices to the company, which are then checked for accuracy, reviewed for completeness, and finally approved for payment. The steps in this process help ensure that payments are made quickly and correctly, leading to better relationships with vendors and more efficient cash flow. It’s an essential part of keeping a business running smoothly and ensuring that all parties involved get paid on time.