Service Description
Accounts Payable (AP) are the unpaid bills of the business; the money you owe to your suppliers and other creditors for goods and services received. AP Transaction includes: Purchase Orders (POs) and non-PO invoices, freight payment, consolidated statements, EDI transactions, phone bills, utility payments, prepayments, check requests, purchasing cards, employee and non-employee travel, and entertainment expense reimbursement, debit/credit memos, and check returns.
Fortune provides Accounts Payable Processing services to many leading airlines of the US. Each Airline has specific processing rules. Hence specific methods and procedures are employed to train the team at Fortune assigned with the job of processing for each Airline. It involves settlement of invoices across multiple locations, entities and currencies. This has resulted in shorter payment cycles and increased profitability for our clients.
