Live Educational Webinar
The Vendor Master: Creating a Solid Foundation for Accounts Payable Processing
Price: FREE
Jul. 13, 2017 Thursday
11:00 AM - 12:00 PM (Pacific)
1 Hour

Free Live Webinar

  • Free CPE
  • Non-sponsored Events mean you never listen to a 3rd party sales pitch – it’s all just great education
  • Expert-instructor-led learning with live Q&A
  • Based on a great course on Illumeo
Anne Wheeler Owner of CS Process Flows -- Consulting and Project Management
The Vendor Master Record is critical to the execution of Purchase Orders and related Accounts Payable processes. It holds the contractual terms of whom to pay, where to send payment, how to pay and when to pay. It can also be leveraged to optimize Accounts Payable Automation. However, to ensure efficiency, each Vendor Record needs to be complete and accurate.

This webinar covers the forms to be obtained from each potential Vendor before setting up a record in the system and will highlight the specific data that should, or could, be included in the Vendor Record along with the related benefits of that data. Additionally, we discuss the pros and cons of involving people from multiple departments in the management and approval of the Vendor Master, how changes to a Vendor’s name or tax status should be addressed, whether a secondary audit of adds and edits should be performed, and the benefits of inactivating Vendor Records.

The Vendor Master is the key to the efficiency of several different Procure to Pay tasks. It deserves dedicated resources.


Learning Objectives

After attending this event you will be able to:
Identify what roles Purchasing and Accounts Payable can play in the maintenance of Vendor Records.
Recognize the key data points that should be included in any Vendor Record.
Explore the forms that should be obtained from a potential Vendor before a Record is created.
Recognize the need for checking names against the “Do Not Pay” blacklists.
Discover the benefits of performing a post audit on new or edited Vendor Records and the value in identifying Records for de-activation.


Anne WheelerOwner of CS Process Flows -- Consulting and Project Management
Anne Wheeler
Owner of CS Process Flows -- Consulting and Project Management
Anne Wheeler started CS Process Flows, LLC inn 2016 after more than 30 years working in accounts payable. Initially hired as a processor, Ms.Wheeler has worked in accounts receivable and general accounting before returning to her true passion: accounts payable and all of the exciting challenges happening in the field. Her experience includes building new AP operations, identifying inefficiencies and implementing solutions in existing teams and being involved with other areas of the Procure to Pay work stream. Having managed up to 25 AP staff members processing upwards of 30,000 invoices per month, she is a genuine expert and skilled accounts payable professional.
Moderated by Mark StackpoleContent Acquisition Leader
Moderated by Mark Stackpole
Content Acquisition Leader

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Price: FREE
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