How do you handle these 3 “scary” vendor setups?
Urgent New Vendor Setup or Vendor Change with No Supporting Documents
Vendor Name Change
Payments Outsourced AR to a 3rd Party Vendor
Listen for my recommendations. Revise/Adjust based on your company processes and industry requirements.
Vendor Setup & Maintenance Additional Resources:
Blog Post: “Send a Notification to Vendors After Updates in the Vendor Master File” http://bit.ly/2AvIYDu
Episode 3 Podcast: Episode 3: Fake Charities: How to Protect Your Vendor Master File from Fraud. http://bit.ly/2PREexi
Vendor Setup & Maintenance Training: www.debrarrichardson.com/training
Vendor Validation Reference List: www.debrarrichardson.com
Accounts Payable Gifts: www.debrarrichardson.com/shop
Music Credit: www.purple-planet.com
#stayhAPpy #puttingtheAPinhAPpy #vendorsetup #vendoronboarding #accountspayable
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.