Vendor Master File Cleaning: Nine Steps to Ensure Accuracy and Compliance
There are nine essential steps involved in cleaning up a vendor master file. These steps include several actions that should occur at vendor onboarding but…
Special Report: Criminal Business Email Compromise
Are You Prepared? Aggressive Cybercriminals Are Sophisticated; Security, IT and Finance Teams Must Be Too People receive more than 120 emails at work per day…
The VMF, Vendor Onboarding and the P2P Process
Procure-to-pay—also called purchase-to-pay or source-to-settle—refers to the entire process of procuring goods and services from start to finish. The process begins with identification of need…
Video: Vendor Address Standardization
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…
Video: Best Practices for Handling One-Time Vendor Payments
Most companies have vendors to whom a payment will be made only once. When these payments flow through the Accounting System or ERP, Accounts Payable…
Video: Techniques to Keep Your Vendor Data Up-To-Date
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…
Video: Create a Vendor Authentication Matrix
Fraud Prevention You receive a request to change remittance information from the vendor. Is that really the vendor? Combat business email compromise, deepfakes, and other…