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.

Purging and Maintaining the Master Vendor File

When the vendor master file is not properly purged and maintained, accounts payable departments can experience vendor data-entry errors such as incorrect billing addresses, according to Iquo