2 minute read
July 2, 2014

Taxpayer Identification Number (TIN) Matching from the IRS

The IRS TIN Matching service is a valuable tool that every A/P manager should know about. This free-of-charge e-service allows ‘authorized payers’, defined by the IRS as... Read More
4 minute read
July 2, 2014

Purchase Orders and Duplicate Payments

Purchase orders are considered a good internal control mechanism, right? Even introductory accounting and auditing classes teach the value of “two-way matches” and... Read More
2 minute read
October 4, 2012

Ownership & Accountability Are Essential to Clean Vendor Master Files

How often does some version of this statement get uttered in your organization’s A/P department? “Somebody created a duplicate vendor” or “Somebody put the tax id in wrong” Read More
3 minute read
October 3, 2012

5 Steps to Cleaning Up Vendor Master Files

Technology Insight Corporation (TIC) has worked for the last ten years to ensure that their clients have deployable and effective tools to help organizations create... Read More
4 minute read
October 2, 2012

One Simple Question That You Can’t Answer

Every A/P department has run into a time when they are hard pressed to answer the question “How much did we spend with ABC Supplier last year?” It is a deceptively simple... Read More
3 minute read
October 1, 2012

Consistency, Consistency, Consistency

Many experts agree that it takes up to 21 days to form a good habit. Some even say that it takes up to 66 days. No matter what the real number is, the core message remains... Read More
3 minute read
September 30, 2012

Collecting & Validating TINs

One of the most common unclean Vendor Master File culprits out there is the presence of incorrect or dummy Taxpayer Identification Numbers (TINs). When many of our clients... Read More
5 minute read
September 29, 2012

What Is OFAC Matching & Why It Matters

The Office of Foreign Asset and Control (OFAC) is a division of the Treasury Department which enforces economic sanctions against countries and individuals who, for the... Read More
3 minute read
September 25, 2012

Beneath the Surface: Why Root Cause Logs Can Change Everything

Understanding the true drivers within your company is a basic tenant of good business. The process of understanding causation takes many forms and goes by many names.... Read More