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Who should manage the vendor master file?
December 19, 2023
Q. Does vendor maintenance in most organization resides outside of the accounts payable department? Additionally, what is the role of the accounts payable department as it pertains to vendor maintenance, setup in the ERP applications?
A.
IOFM has found that ownership of the vendor master file varies among organizations, though for a sizable majority, AP owns/manages the vendor master. There is a correlation with organization size — the percentage where AP controls is slightly higher for smaller…
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