Vendor Master File Leading Practices

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Organizations can use the leading practices outlined in this tool to measure and improve the vendor master process.

Best practices include analyzing additional duplicate payments identified during the initial review to determine the potential duplicate population, researching claims by pulling supporting information and following up with vendors, requesting and analyzing vendor statements sent to the top regular vendors, and tracking root causes for all recoveries to assist in implementing process changes to reduce financial leakage in the future.

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