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Policy: Supplier Record Management

Purpose

To define the mandatory requirements in establishing and maintaining supplier records

Overview

The University makes regular payments to a variety of suppliers. The Supplier Record Management policy is intended to ensure supplier records are created and maintained accurately to reduce the risk of fraudulent payments.

Definitions

A supplier, also known as a vendor, is a business entity or person that provides goods or services for sale.

Scope

This Policy applies across the University.

Policy statement

Principles

  1. The security and integrity of supplier records is fundamental to good financial accountability.
  2. The University’s default payment terms is 21 days from the invoice date.
  3. The University’s supplier records are managed by the Division of Shared Services.
  4. Segregation of duties are in place for the management of supplier records:
  1. creating or changing supplier records; and
  2. approving creations and changes to supplier records.
  1. For new supplier records, Division of Shared Services verifies the identity of the supplier before a record is created.

For changes to existing supplier records, the supplier sends a change request to the Division of Shared Services (financial.shared.services@anu.edu.au). Division of Shared Services will verify the request before any changes are made.

Information

Printable version (PDF)
Title Supplier Record management
Document Type Policy
Document Number ANUP_000481
Version 7
Purpose To ensure accurate vendor records
Audience Staff
Category Administrative
Topic/ SubTopic Finance - Reporting
 
Effective Date 24 Nov 2022
Next Review Date 24 Nov 2027
 
Responsible Officer: Chief Financial Officer
Approved By: Vice-Chancellor
Contact Area Finance and Business Services
Authority: Public Governance, Performance and Accountability Act 2013
Public Governance, Performance and Accountability Rule 2014
Delegations 0

Information generated and received by ANU staff in the course of conducting business on behalf of ANU is a record and should be captured by an authorised recordkeeping system. To learn more about University records and recordkeeping practice at ANU, see ANU recordkeeping and Policy: Records and archives management.

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Supplier record management
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