Conferences
Managing and Cleansing Vendor Master Files - Philadelphia, PA
05/22/08
How clean is your Vendor Master Vendor File? 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, uncashed checks, excessive inquiries and investigations not to mention department headaches and overhead costs. Don’t take that risk!
Join IOMA for a practical look at this challenging issue. This one-day seminar will present best practices, metrics, and the strategies that best-in-class companies use to effectively manage their vendor master file. It will include a review of regulatory issues and standards that should be part of a Vendor Management program. We’ve tapped expert Jon Casher to take you from assessment to cleanup and analysis.
In one day, you’ll discover:- Why your vendor file is a crucial corporate resource that must be properly protected and maintained
- Best practices for improving the accuracy and completeness of vendor information
- Changing IRS regulations and forms
- Proven solutions from case studies for mitigating procure-to-pay risks and opportunities
- What you need to know about 11 laws and regulations where vendor data non-compliance has severe consequences
- About internal controls best practices for your master vendor file
- How to check for fraudulent vendors
- How to assess the quality of your data and what problems you need to address
- The most effective way to clean your vendor file and resources that can help you
- New ideas as to how to use vendor information to develop effective procurement, processing and payment strategies
- Insights into how your managing your vendor file can significantly reduce duplicate payments and outstanding checks
- How to use the IRS TIN Matching program
- How to use the US Postal Service, Canada Post and international databases to standardize and verify addresses
- Documents to help you create a best practice policy for maintaining the master vendor file
- Insights from case studies of how companies have used their vendor master file to enhance AP's and Purchasing's efficiency and effectiveness
- How duties related to the file should be segregated from other AP responsibilities
- A sample project plan for getting your vendor master file into shape
- How to handle mergers, consolidation and conversions
- Best practices vendor verification , sample new vendor correspondence and suggestions for enhancing your vendor master file
You’ll also be able to:
- Personally interact with the seminar leader
- Network with other AP professionals
- Get answer to your Vendor Management issues in a personalized setting
- Put your enhanced AP knowledge to work
- Earn 6 CEUs toward re-certification in the IOMA/TAPN AP Certification Program
Because of the speed of change in today’s workplace and the regulatory environment, your Vendor Management and Vendor Master File policies should be reviewed every year. This seminar will give you the tips and strategies that will help you save money and increase compliance!
About the Presenter
Jon Casher, APM, is a subject matter expert on Vendor Master File and Regulatory issues for the Accounts Payable Certification programs jointly developed by IOMA and TAPN. He is the author of several articles and quoted extensively on the subject in several books. He has worked with hundreds of organizations helping them to implement best practices.
Venue: Doubletree Hotel Philadelphia, 237 South Broad Street, Philadelphia, PA. Ph: 215-893-1600.
Substitutions & Cancellations: Should you be unable to attend for any reason, please inform us IN WRITING prior to May 7, 2008 and IOMA will give you a full refund less a $100 administrative fee. If you cancel after May 7, 2008, you may request a courtesy transfer to use at any IOMA event of equal or lesser value. The courtesy transfer must be used within one year of the date of your originally scheduled event. Substitutions of enrolled delegates may be made at any time, please call IOMA at 800-401-5937 ext. 2 to let us know before May 15, 2008.
You can also register for the Essentials of Accounts Payable Training & Certification Program presented by Jon Casher on the preceding day. For more information on the Essentials of Accounts Payable Training & Certification Program , visit the website at www.accountspayble360.com/conferences/970.html.
To register for the Managing and Cleansing Vendor Master Files, contact IOMA Customer Service at 800-401-5937 ext. 2 or via email at subserve@ioma.com or simply make a selection below.
At this event, you'll also receive a free copy of IOMA's Master Vendor File Maintenance, Audit & Control Best Practices—a $329 Value!Purchasing
Focus Areas |
Product Group |
 Accounts Payable |
Conferences & Professional Development Training |