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Separation of duties for entering banking info
January 2, 2023
Q. We have been updating policies and there is confusion on who in the company should be able to add banking info to a new supplier. Purchasing states they should not have the ability to obtain new vendors banking due to separation of duties. AP states the same due to the fact that they load invoices, process and approve payment runs.
What are the best practices for updating or setting up new banking info for a supplier as far as SOD issues within an organization? What department is most…
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