Vendor Card
A vendor card is a comprehensive record containing a vendor's information used in accounting and procurement systems to track purchases and verify representative identities.
A "vendor card" is a multifunctional tool serving as both a form of identification and a record-keeping mechanism in business transactions.
Primarily, it encompasses a comprehensive set of information about a vendor, including their name, address, contact details, payment terms, and other relevant data.
This card is integral to accounting and procurement systems, where it is utilized to track purchases of goods and services from vendors.
Additionally, the vendor card serves as a means of verifying the identity and authorization of individuals representing the vendor, granting them access to specific areas or privileges within client premises.
This streamlined approach to vendor management ensures efficiency, security, and accountability in business dealings across various industries.