Take Away AP Pain with a Strong Vendor Invoice Policy
Creating a policy for managing invoices may seem time-consuming initially, but in the absence of a policy, organizations are operating in the wilderness without a map. Once created and enforced, an effective invoice management policy can greatly reduce the amount of time related to the tasks of approving and processing vendor invoices, addressing exceptions, and managing and storing documentation.
The easier a policy is to understand, the easier it is for your employees to follow and enforce. Then, use our free invoice policy template with more detailed explanation for each category, as well as example template language to help create or update your business’s Vendor Invoice Policy.
Please note, this free invoice policy template is not a legal document – it’s a starting point.You can edit the examples to suit your company’s policies and procedures and add information in the bracketed areas that are specific to your company.
Don’t delay, get started by downloading our free invoice policy template today!