Vendor File Maintenance

April 9, 2018

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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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