Reducing Risk in Vendor Onboarding
Do not overlook the risks inherent in bringing in new vendors to your organization. The level of risk varies in degree according to types, amounts and…
Additional resource material on best practices for gathering vendor information
Do not overlook the risks inherent in bringing in new vendors to your organization. The level of risk varies in degree according to types, amounts and…
Are you required to change your password every quarter? Do you have to include special characters in your passwords? It is annoying but also easy…
How do you collect your vendors’ W-9 information? What about bank information for ACH payments? Here is an instruction that one organization includes on its ACH…
Are you crafty? Handy? Do it yourself? Many of us like doing things by hand — some things, anyway. But let’s face it, there are other…
Teach your Internal Employees how to do business with the Vendor Team, including processes for adding or changing vendors as welll as about important internal…
Accurate Addresses, Duplicate Vendor Prevention Are your vendor addresses lacking standardization causing returned checks, vendor communication problems, and worse – duplicate vendors? Here is a way…
Learn best practices to obtain accurate or missing data from your vendors to prevent fraud, returned payments and duplicate vendors. How to follow-up with your…
Have you ever received an invoice from a vendor you’ve never heard of? Of course you have! You check the master file, but it’s not there….