Vendor Master Data Management

Vendor Master Data Management

The 3 Pillars Maturity Model for Managing Your Vendor Master file

The Vendor Master File is the cornerstone of every P2P transaction.  It facilitates accurate financial withholding and reporting, aids in government and regulatory compliance, and provides a data framework for profile completeness and accuracy. It also serves as the baseline for Key Performance Indicators (KPI’s), supports adherence to contract terms and corporate policies, and impacts enterprise-wide decisions and stakeholders.

Managing your VMF is a process, not a project.  Managing your VMF should be approached as an ongoing effort that is also cyclical, not end-to-end.

Download this whitepaper to understand the steps needed to improve your Vendor Master File (VMF) process.

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