Vendor Master File

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Q. We are currently using PeopleSoft 9.1 for our vendors. We don't have the vendor portal yet. I… Read More

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

Richardson bio pic_vertical.jpgCalculating a rock-solid return on investment (ROI) for an accounts payable (AP) vendor self-registration portal project can be daunting. 

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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

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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

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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

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

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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

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