Year-End Is a Good Time to Scrub the VMF

11 things you should do now to clean up your vendor master file

by Sheila Velazquez, APM

Accounts payable professionals who wish to start the new year off right would be wise to perform a Vendor Master File (VMF) cleanup. VMF upkeep not only sets the stage for a smoothly functioning AP department, it promotes regulatory compliance and prevents fraud.

This article discusses the steps I recommend taking with your team to streamline and organize your organization's VMF.