Accounts payable process
Can we work together to pay
you more quickly? American
Electric Power values
its relationship with you,
our supplier. Our Purchasing
and
Accounts Payable Departments
have provided this section
to show
you how to
help AEP pay your invoices
more quickly and more in-line
with
our pre-arranged
payment terms.
How will this section benefit
you?
By reading and using the techniques
outlined within this section,
you might expect to see the
following benefits:
- More accurate, timely
payments and reduced or
eliminated late payments.
- Improved communication
between AEP and your organization.
- Reduced need for you
to process sales tax on
AEP’s transactions.
What’s in this
section?
- Frequently
Asked Questions and their
answers related
to AEP’s invoice
payment process.
- A sample
invoice and a list
of specific information
needed
by AEP to effectively pay
your invoices as
well as a sample
Purchase Order showing
the fields where some
of this information can be
found. These requirements
are both process- and system-related
as AEP employs the use of
Optical Character Recognition
(OCR) technologies to expedite
the invoice payment process.
- Information about AEP’s
direct-pay relationship
with various tax agencies.
Need more info?
We appreciate your consideration
of this material. Should
you have any questions regarding
the information in this section,
please send email to vendormgmnt@AEP.com.
