On-Demand Webinar - Importance of Master Data Management for Invoice Automation 

Watch our Mi Invoices On-Demand Webinar reviewing the importance of Master Data Management for Automated Invoice Processing and providing our best practice recommendations

Hear Jason Howard and Duncan Coyle discuss the importance of complete and accurate Master Data in your business. Data is the driving force in helping a business be more efficient and save costs when it is correct. Getting it right with quality data will help optimise your finance and procure-to-pay processes.

Based on our experiences, we will review the following questions and key issues

When was the last time you reviewed master data? 

How Master Data Drives the Source to Settle Processes

Businesses need good quality data because it means processes and business decisions are more reliable, accurate and complete.

The benefits of accurate master data for automating invoice processing are numerous – not least that you can rely on it being fit for purpose. 

Watch the recording now to hear our top tips for managing your master data     

Little and often - Don't ignore or allow your data to get out of date, and ensure you undertake regular updates

If you see a supplier address is wrong, make the  purchasing or supply chain team aware and get them to update the details

If a person leaves. as part of the off-boarding process ensure their outstanding PO's are updated with a new contact

Ensure there is a policy and process in place for creating, updating and expiring master data.