Vendor Master File

Maintaining a vendor master file can be a complicated process for many teams. IOFM offer content to help you learn best practices to standardize vendor team activities to avoid payment fraud, compliance fines, and bad vendor data.

IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

W-9 with owner's name and DBA on it

Q. We have received a W-9 with the owner's name on line one and the business name (DBA) on line 2;… Read More

Setting up a vendor when the information is different from the W-9

Q. I am new to this role and cannot seem to find clear instructions for how to set up vendor… Read More

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

Accounts Payable Solution Consultant Certificate Program (APSC)

Procure-to-Pay Solution Consultant Certificate Program (APPSC)

Procure-to-Pay Specialist Certification (APPS)

The Vendor Master File—Where Does It Belong?

By Pam Miller, APMD - Who Manages the Vendor Master File? In many organizations the decision as to who should own the file boils down to choosing the department where the fewest problems are… Read More

Accounts Payable Specialist Certification (APS)

What Is the Payoff for Implementing a Vendor Portal?

If you are thinking of adding a vendor portal to your technology tools, you’ll find that the cost is relatively low and the payoff is high. Phase 1 The first step in setting up a vendor portal… Read More