What is vendor maintenance? Vendor maintenance is the continuous administrative and governance process of managing, updating, and securing a company’s Vendor Master File within its ERP system. In the financial back office, successful vendor maintenance requires...
The back office is often treated like a black box. Invoices go in, payments go out, and as long as the numbers balance at the end of the month, few stop to ask exactly how the gears are turning. However, as organizations scale and technology evolves, “the way...
For decades, the financial back office operated on a delay. CFOs and Controllers waited for month-end closes, manual reconciliations, and batched reports to understand the company’s financial health. By the time a bottleneck was identified, it was often weeks old. But...
When a vendor flags a transaction as fraudulent or incorrect, a complex system of verification, regulatory compliance, and communication kicks into gear. Efficient dispute workflows are a critical component of both the vendor and buyer experience. Let’s break down the...
Even the most sophisticated of back offices experience disputes or cases with their vendors. It’s unavoidable. A dispute in the back office is a breakdown in the flow of capital between vendor and buyer that can lead to liquidity issues, regulatory fines, and...
