Vendor Master File

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Q. What would the best practice to implement when a vendor has new banking… Read More

A benchmarking survey by IOFM indicates that overall, more than half of the vendors in respondents’ vendor master files are inactive. 

VMF benchmarking_1.JPG

While organizations with better vendor

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A benchmarking survey by IOFM indicates that overall, more than half of the vendors in respondents’ vendor master files are inactive.  While organizations with better vendor master file hygiene… Read More
Q. Has anyone had third-party consultant come in and do an assessment of their P2P… Read More
Q. I am looking for a partner that will help us to automate the vendor onboarding and maintenance.… Read More
Q. When we receive a W-9 with a legal name and DBA i.e., line 1 of W-9 says ABC Company and line… Read More
Q. What is best practice for using social security numbers in the vendor master record, with or… Read More
An inaccurate, unclear, or disorganized vendor master file spells disaster for AP—and could result in costly penalties for your company. A poorly maintained master vendor file can lead to duplicate… Read More
Q. Purchasing currently sets up vendors that are attached to a PO, and AP sets up vendors that are… Read More
Q. I have a vendor that will receive a 1099-NEC that provided their individual name on Line 1 of… Read More
Q. We have received a W-9 with the owner's name on line one and the business name (DBA) on line 2;… Read More

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