AP Escrow Outsourcing
Business owners and accounts payable managers throughout the United States have continually looked for easier ways to manage their telecom bills. Metropark’s AP Escrow Outsourcing Service answers the call when the desire is to accumulate, consolidate, and compensate. We take the sting away from the monthly telecom madness.
Most of your telecom service and financing vendors should be able to be consolidated into Metropark’s AP Outsourcing monthly service (check our list of participating vendors here). This will create the best situation as all invoices will be consolidated into one for much easier payment. However, some vendors still refrain from 3rd party paying agents. If the vendor requires your company to pay them directly, Metropark will not be able to consolidate the bill into our system. This should not change the amount you need to pay each month, just the number of checks you need to write.
In order to give us the ability to accumulate, consolidate, and compensate, we need to ensure the following items are completed.
- Signed Metropark’s Customer Service Agreement
- Signed Letter of Authorization on your company's letterhead
- Enroll existing vendor accounts which redirects vendor bills to us
- (optional) Redirect Leasing company invoice to Metropark’s service address or have leasing company ACH from your VCP escrow account which Metropark manages. Metropark will give you the routing number and account number if leasing company allows this ACH option.