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Best practice for reimbursing expenses of third-party vendors
October 16, 2023
Q. What is best practice for reimbursing non-employees (3rd party vendors) for out-of-pocket expenses? Should they use Concur or should the reimbursement process be handled via AP invoice submission?
A.
(Answered by IOFM's Advisory Panel)
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Here, suppliers and independent contractors are paid through Accounts Payable.
Employment candidates and our Board of Directors are reimbursed through our ERP Expense Report module. The non-employee does not get access; a delegate submits all reports on…
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