Resources | Master Vendor Data

Our resources include relevant guidance and advice on how to manage your master vendor data seamlessly to minimise vendor fraud risks or improve vendor relationships.

All Articles Accounts Payable Solutions Accounts Payable Processes Accounts Payable Insights Company News The AP Arms White papers

All Supplier Statement Reconciliation Duplicate Invoice Prevention Master Vendor Data

Managing your master vendor file: Everything you need to know

What is master vendor management? Master vendor management is the practise of maintaining an accurate master vendor file so your business can have efficiency in their Procure-to-Pay processes and transparency in their vendor data. Good management of your master vendor file ensures your data is accurate, avoiding things like duplicate vendors, inactive vendors and fraudulent vendors.

How to prepare for your year-end Accounts Payable audit

A year-end financial audit may seem like another daunting task on your to-do list, but it doesn't have to be. Beyond compliance, Accounts Payable audits help uncover financial discrepancies, enhance transparency, and build trust with stakeholders. In this post, you’ll learn about the benefits of carrying out a year-end Accounts Payable audit and the practical steps to take to ensure your audit not only goes smoothly but also acts as a valuable tool for your company.

6 risks of working with a dirty Master Vendor File

Your Master vendor file (MVF) exists in a constant state of change. Names, phone numbers, addresses, bank details and payment terms are not static, and the rapid rate at which it changes inevitably leads to issues with data accuracy. A dirty Master Vendor File drives a constellation of risks, but what exactly are they? And how can they be addressed before they do serious harm to your organisation?