Tip of the week from Brenda Hopkins – Week 20

Prioritize Your Vendors

• Payables Management includes a 3 digit alphanumeric field used to prioritize vendors.



• A simple ABC is generally more effective than a bunch of 3 digit numbers
  For example: If you are a Newspaper Company ‘A’ could be used for highest priority vendors like a newsprint supplier.



• Use this to actively decide which vendors are critical now, not when a crisis hits.



• This field can be used to select vendors during he check selection process.
  
  Cards > Vendor > Options
  Payment Priority Field