Your company is a US based company and you have a Non-US vendor that will be providing a service or goods, and the vendor needs to be setup in your Vendor Master File. There are differences in forms, banking details and validations. Here’s a quick graphic for this week.
Be sure to check with your organization’s leadership, audit and/or legal department before making any changes to your current process.
#stayhappy #puttingtheapinhappy #Vendorsetup #vendormasterfile #accountspayable #manualvendorsetup
Debra R. Richardson,
MBA, APM, APPM, CPRS
Debra is an accounts payable speaker, consultant, and trainer with over 20 years of experience in AP, AR, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors and Aramark.
For the past eight years, Debra has focused on Global Vendor Maintenance, and implemented a vendor self-registration portal for 140k+ global vendors across five Accounting Systems/ERPs. In her consultancy, she focuses on internal controls and authentication to prevent fraud in the vendor master file.
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