Services > Vendor Master Analysis
Following an audit by Profectus, a regular recommendation made in our Post Analysis Report is for the client to clean up their Vendor Master file. Many duplicate payments and payments to the incorrect supplier occur as a result of having a Vendor Master file with obsolete and incorrect vendors listed.
Often, a client cannot get the information from their IT systems to allow a meaningful block of unnecessary vendors without the risk of blocking correct and regularly used vendors.
Profectus analyses transaction data relating to each vendor and recommends which vendors to block in the Vendor Master file. This service pays for itself very quickly due to the elimination of incorrect payments from this common source of errors.
