The Accounts Payable (AP) department is responsible for the auditing and processing of invoices and payments for The University of Iowa. Invoices, credits, vouchers, and payments are processed on line through the Accounts Payable/Purchase Order (AP/PO) System.
Utilizing ACH payment processing is more efficient for your business and better for the environment.
The Automated Clearing House (ACH) Network is an electronic batch processing system used by the Federal Reserve. Instead of using paper to carry necessary transaction information, (like a check), ACH transactions are transmitted electronically between financial institutions. Because ACH is electronic, transactions are processed faster than paper checks which must be handled manually.
