Notifying vendors of address change

September 16, 2020


Q.¬†We are acquiring another organization and need to inform vendors to make a billing address change to submit their invoices. How much lead time do vendors need to make the change in their billing system so subsequent invoices are billed to the new address? Would it be dependent on the length of their billing cycle? A. (Answered by the IOFM Advisory Panel) ----- Since every company has a different billing cycle and process to complete it, I suggest giving them a 30 day notice. ----- We…

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