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Vendor Master File
Maintaining a vendor master file can be a complicated process for many teams. IOFM offer content to help you learn best practices to standardize vendor team activities to avoid payment fraud, compliance fines, and bad vendor data.
Q. Can we accept digital signatures and/or docusigned signatures on a W-9?
A.
(Answered by Debra… Read More
Q. I was wondering if by chance you know of a software that is good for doing TIN matching. It's… Read More
Q. I have several questions:
1) Validating ACH banking information from our internal vendor ACH… Read More
Q. We have a case where we were asked to create the vendor under the disregarded entity name.… Read More
Q. What is best practice when verifying or authenticating a vendor’s banking details? Is the… Read More
Q. In regard to a B notice and name controls; does the FIRE system include LLC in the name… Read More
Q. One of our vendors changed their name and TIN and requested the change from the IRS. We ran a… Read More
Q. I have been asked by my procurement team if a supplier (parent company) with one tax ID number,… Read More
Q. We recently acquired a new company and need to send out letters informing the Vendors of the… Read More
Recently, an IOFM member inquired about AP’s responsibility to secure vendors’ account information in electronic files.
Specifically, she asked:Do we need to redact bank account information on a… Read More
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