Accounts Payable Network

Accounts Payable Network

Accounts Payable Network

oboloo’s Glossary

The official business definition of accounts payable network is a company that has financial relationships with vendors so they receive payment at the time of purchase.  Accounts Payable Network also offers accounting services and credit analysis to both small and large companies. The main goal of Accounts Payable Network is to save businesses money by providing a payment solution that accommodates their needs.  Many businesses choose to outsource their accounts payable department because they do not have the time or resources to focus on handling all of these tasks and it would cost them more than it’s worth. Accounts Payable Network manages many aspects of accounts payable, such as payments, invoices, and statements; communication with vendors; maintaining spreadsheets; and processing payments. This is why Accounts Payable Network is referred to as an outsourced accounts payable department.