tl;dr
Vendor management is the ongoing work of maintaining supplier records, payment terms, and relationships, keeping vendor data accurate, resolving disputes, and making sure payments go out reliably and on the terms agreed.
Clean vendor data underpins almost everything else in accounts payable: PO matching, coding, and duplicate-payment detection all depend on knowing which vendor is which. AI-assisted vendor management keeps that data current automatically, flagging a changed bank account or an inconsistent tax ID before it becomes a payment error.
See how this works in Light's Global bill pay.
