Five Ways Your Vendor File is Costing You: Compliance Edition
There are hard costs to your organization if your vendor file is out of compliance. Avoid these five pitfalls.
Compliance is not anyone’s favorite word. The tension and pressures many procurement and AP staff deal with every day is only exacerbated by the worry of accidentally violating terms of compliance. There are the considerations of the external world, such as the OFAC and debarment lists that haunt payments professionals (hello giant federal fine!), but there is also the world of internal compliance—much of it shifting with stunning regularity.
