Accounts Payable

Mission Statement

At Babson College, our Accounts Payable Office is committed to supporting the overall mission of the College in “preparing and empowering entrepreneurial leaders who steward sustainable economic and social value—everywhere” by providing exceptional financial management and customer service to our suppliers and campus partners and ensure timely and accurate payments for goods and services.

Vision

The Accounts Payable Office will work in collaboration with Procurement, Finance and our campus partner to provide accurate financial reporting, cash flow management, build strong relationships with suppliers and favorable payment terms for cost savings, while mitigating financial risk to prevent fraud and errors. Accounts Payable is committed to providing excellent customer service to suppliers, students, faculty, staff, and administration.

The Accounts Payable Office strives for excellence in preserving the financial well-being and success of the College in some of the following ways:

• Transparent, concise and timely distribution of accounts payable policies and procedures
• Adherence to policies for the authorization and processing of payments
• Timely and accurate processing of all payments
• Collaboration between Accounts Payable, Procurement, Insurance and Finance
• Provide exceptional customer support to the College community on all accounts payable matters