A Vendor Master File (VMF) holds all the information for your organisations numerous payees.

It is your source of information for all electronic fund transfers. VMFs often hold thousands of details including names, account and BSB numbers, GST status, ABN details and more.

With human error, human fraud, malicious cyber attacks and supplier changes, there is usually a 20-25% anomaly rate in any given VMF.

That means that nearly one quarter of this essential information held by your organisation on your payees, is in need of review. Given the VMF is what your organisation uses to make correct payments, this is a level of error that would make most people feel uncomfortable.

When did you last review your Vendor Master File? Book a VMF Health Check to receive your Risk Score Card and discover what your anomaly rate is.

Until now there was no effective way of checking and maintaining a healthy VMF and so companies are living with the level of risk. Did you know your organisation is living with a level of risk that is unnecessary?