Vendor File Maintenance
April 9, 2018
Vendor information is in constant flux. Contact names, phone numbers, addresses, terms, and even vendors’ names change frequently. Vendors buy each other, sell each other, spin off a subsidiary, merge, and "unmerge" all the time. Sometimes, changes are invisible to AP until purchasing shares the information or AP spots an invoice containing something that indicates a change.
For AP professionals, vendor management can be one of toughest challenges to deal with—particularly if the department is…
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