Purging and Maintaining the Master Vendor File

When the vendor master file is not properly purged and maintained, accounts payable departments can experience vendor data-entry errors such as incorrect billing addresses, according to Iquo Oyarekhua, APM, ACA, B.Sc., Business Implementation Analyst at Agentus CWS (Ontario, Canada), a financial services company with a 20-person AP department. "Other common problems include erroneous payments to...