Best practice to maintain payment info in the VMF?

April 2, 2021

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Q. Is it industry/best practice to maintain payment information (contact and/or financial) in the Vendor Master if a payables platform is being used to maintain the information for payment processing? A. (Addressed by Debra Richardson, a third-party Vendor Master File Advisor: https://www.debrarrichardson.com. Debra's independent advisory services firm offers experienced and practical help to financial operations professionals on vendor master file issues.) That is a valid question given that…

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