Vendor Master File

Share

Q. I would like to know how others are handing vendor validation. Here are my questions:  What… Read More
by Debra R. Richardson, MBA, APM, APPM, CPRS

Richardson bio pic_vertical.jpgEach time I make a change to any of my personal accounts online, I receive a notification that, at a minimum, says a change was made to my account and if

Read More
by Debra R. Richardson, MBA, APM, APPM, CPRS

Richardson bio pic_vertical.jpgUrgent vendor setups are a common scenario in Accounts Payable (AP), especially for non-PO spend when the request for the vendor setup is not triggered

Read More
Q. Does the use of vendor portals reduce or prevent ACH fraud? A.  (from the IOFM Advisory… Read More
Q. Is anyone currently using an outside vendor to handle the reconciliation of vendor… Read More

A recent 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

Read More

“Ownership” of the vendor master file varies among organizations, though for a sizable majority

Read More
Maintaining the vendor master file (VMF) is one of the most challenging tasks in Accounts Payable. Even if every vendor’s information has been set up with perfect accuracy and you are the AP's… Read More

by Chris Dritsas, Accounts Payable Manager

Use Win-Win Communication in a Client-Facing AP Environment

Top-quality customer service to both internal and external customers is our number-one goal in

Read More
by Chris Dritsas, Accounts Payable Manager Use Win-Win Communication in a Client-Facing AP Environment Top-quality customer service to both internal and external customers is our number-one goal in… Read More

Q. (cont.) ... to deactivate the old vendor and create a new vendor with the new name, or to

Read More

Subscribe to our Newsletter

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500