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Top 10 Master Vendor File Best Practices

The master vendor file is the foundation of the accounts payable and procurement systems. Left unchecked, the master vendor file can become bloated with duplicate vendors, inactive vendors, different addresses, and the like. When this happens, all kinds of problems can be triggered, such as fraud, duplicate payments, and headaches from the Internal Revenue Service. Here are the top 10 best practices we recommend for the master vendor file.

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