Accounts Payable Services & AP Automation Providers in Cedarhurst, NY

River Edge Advisors is a New York-based finance and back-office firm, organized as River Edge Advisors, LLC, with an office in Cedarhurst on Long Island. It works with owner-led companies, investment funds and specialty lenders across the country and abroad. It pairs senior CFO-level leadership with a staff that handles day-to-day accounting. The firm describes itself as CPA-led and reports a bench of more than 75 professionals, including CFOs, controllers, bookkeepers and specialists dedicated to payables and receivables.

Accounts payable services

For buyers evaluating outsourced AP, River Edge takes responsibility for the full payables cycle. Its work starts when a bill arrives and ends when the vendor receives funds. The firm positions this as a lower-cost alternative to hiring internal payables staff. Its AP work covers:

• Capturing incoming bills, assigning GL coding and matching them against purchase orders or contracts before they go to an approver
• Designing approval routing with defined dollar thresholds so each disbursement has documented sign-off
• Scheduling payment runs around available cash, with attention to early-payment discounts and late-fee avoidance
• Fielding vendor inquiries directly, such as missing checks, statement requests and W-9 collection
• Keeping vendor records current during the year to support 1099 filing
• Reporting on spend broken out by vendor, expense category and legal entity, with the data flowing into cash forecasts

How engagements work

River Edge does not move clients onto a proprietary platform. Instead, it assigns a dedicated team that operates inside the client's existing systems and follows the client's own approval process. The firm says it already works in more than 120 platforms spanning accounting, payroll and property management.

These include AppFolio, Yardi and Buildium on the real estate side and ADP, Paychex and Gusto for payroll. Engagements are structured as monthly arrangements scaled to the volume of work. Because a larger team stands behind each account, coverage does not depend on a single person being available.

Payables is one piece of a broader finance function the firm can deliver under one engagement. Companies can add the following services:

• Bookkeeping with a scheduled monthly close
• Accounts receivable, including invoicing, collections follow-up, cash application and aging reporting
• Payroll and benefits administration coordinated with the client's provider
• Controller services such as reconciliations and multi-entity consolidation
• Fractional CFO work, including budgeting, 13-week cash forecasting and lender reporting
• Live dashboards and custom tools that use AI to highlight changes in margin and cash
• Sell-side and transaction advisory support, including quality-of-earnings work

Industries and specialties

The firm concentrates on sectors with particular reporting demands, including:

• Healthcare, including home care agencies, ABA, behavioral health and assisted living
• Real estate owners, operators, investors, property managers and family offices
• Merchant cash advance syndicators and alternative lenders
• Logistics and trucking companies
• Technology firms, startups and SaaS businesses

For AP buyers, the main difference is that River Edge does not handle payables in isolation. The same team that processes vendor bills also closes the books and prepares the forecasts. As a result, spend data feeds directly into cash planning and lender or investor reporting. The firm suits companies that have outgrown a part-time bookkeeper but are not ready to build an in-house finance department. It offers AP processing alongside controller oversight and CFO-level guidance from a single provider.