Audio Conferences
Master Vendor File Best Practices: Assessment, Cleanup & Analysis
April 19, 2007 at 02:00PM ET
How clean do you think your Master Vendor File is? Recent IOMA research has shown that despite increased awareness of the pitfalls of poor master vendor file maintenance, many AP professionals have yet to adapt best practice policies to curb fraud, duplicate payments and avoid the ever-growing list of compliance issues your department, and your company face.
Suppliers who changes names, banks, move or merge can easily add up to master vendor chaos, costing your company a fortune in duplicate or fraudulent payments, not to mention department headaches and overhead costs. Don’t take that risk!
Join IOMA for a practical look at this challenging issue. We’ve tapped expert Jon Casher to take you from assessment to cleanup and analysis. You’ll learn where your company is spending its money and whether operations are at their most efficient. Case studies will highlight everything from SOX and OFAC compliance risk to proven solutions for mitigating procure-to-pay risks.
In just 90 minutes, you’ll discover:
- Why your vendor file is a crucial corporate resource that must be properly protected & maintained
- Laws and regulations where vendor data non-compliance has severe consequences
- Internal controls best practices for your master vendor files
- How to develop the most effective strategies for purging the master vendor file
- How to leverage vendor data to improve purchasing decisions and improve terms and cash flow
- Successful techniques to create a best practice policy for maintaining the master vendor file
- How duties related to the file should be segregated from other AP responsibilities
- How imaging technologies can be used to strengthen and streamline vendor master internal controls
This program was tailored to my team’s needs. It's not very often that we can find something like this that helps us so much.
— Vendor Maintenance Team Lead, Seattle, WA
Featured Faculty
Jon Casher, APM
Chairman, RECAP, Inc.
Mr. Casher leads RECAP, Inc., a leading provider of financial operations consulting services to many of the world's largest and most respected organizations, including half of the top ten U.S. banks.
I really like that I can have my entire AP department present and participating
— M. Jankovic, Asst. Controller, Grant Thornton LLP.
Purchasing
AP Certification
Receive 1.5 CEUs toward APM, APS, or APD recertification! About the Accounts Payable Certification Programs: The new credentialing plan is designed to establish standards for the profession and recognize accounts payable professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the accounts payable body of knowledge.
Focus Areas |
Product Group |
 Accounts Payable |
Audio Conferences & Webinars |
