It shouldn’t happen but it always does – vendors don’t have a valid address on file. You don’t want check payments or 1099s to come back, so here are some free reliable sources to find an address that is tied to your vendor.
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Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 115+ hours of weekly live and on-demand training for the Vendor team and register your free account for 3 free training sessions.
Links mentioned in the podcast + other helpful resources:
IRS Tax Exempt Organization Search Tool (TEOS): https://www.irs.gov/charities-non-profits/tax-exempt-organization-searchSecurities and Exchange Commission (SEC) Edgar Database: https://www.sec.gov/edgar/search/#/entityName=USERFUL%2520CORPORATIONState Site Links: Vendor Process Training Center > Resource Library: https://training.debrarrichardson.com/resourcesDebra R Richardson LLC 20 Tips in 20 Minutes: https://debrarrichardson.com/webinarsVendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download (Get 25% Discount on the Global Vendor Registration Numbers)Vendor Master File Clean-Up: https://www.debrarrichardson.com/cleanupYouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw More Podcasts/Blogs/Webinars www.debrarrichardson.comMore ideas? Email me at
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