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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.
Course Description
Every organization has a P2P process (buying and paying for goods and services), but most are unmanaged—separated by an operational wall between Procurement and Accounts
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 likely to… Read More
Course Description
The course covers AP fundamentals, best practices and regulatory compliance, all of which are necessary to excel in the accounts payable field. This course is the foundation for
… Read MoreIf 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
Course description
You’re required to do more with less – process more invoices with fewer people, inadequate automation technology and sometimes misaligned operational functions. This
Q. We received a payment request from a supplier who I'll call Acme. The W-9 shows on line 1 Acme… Read More
Q. What is best practice for entering a vendor with the same name as a vendor you already have in… Read More
Q. I have an invoice that is made out to the business name. However, we have the vendor created… Read More
Q. I checked a TIN, and the Name/TIN combination matched the IRS records, but the search returned… Read More
Q. We are hoping for insight into Disregarded Entities and Vendor Master File setup. Historically,… Read More
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