Description: Organizations need to maintain a thorough account of all of their short-term liabilities to ensure their vendor payments are made on time and all their bills are processed regularly. This function is taken care of by the accounts payable department. As the company continues to grow, its short-term liabilities rise with them. This could be the number of vendors they work with, the number of employees in their company, and it could mean the rise in the number of short-term miscellaneous expenditures they have to take care of regularly.
Tag: accounts payable services, outsourcing accounts payable services