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Lawson S3 Financials
Vendor Mergers and Acquisitions
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JonA
Veteran Member
Posts: 1162
8/27/2013 2:33 PM
How are vendor mergers and acquisitions handled within your organization? If a vendor with active contracts and POs is acquired by another that is not in your vendor master do you add a new vendor and create new contracts/POs or do you change the name on the existing vendor?
Tags:
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Kat V
Veteran Member
Posts: 1020
8/30/2013 6:49 PM
AP controls our vendor master by tax id. One vendor number per tax id - so if they merge, but keep separate TIDs then they stay separate and its just a name change.
As the vendors get more and more divisions, AP adds more and more purch froms for Purchasing. Medtronic is our biggest one with 7 purch from locs. Typically we add a purch from only if we can't transmit/fax/call in to the same service center.
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Michelle Wetzel
Veteran Member
Posts: 183
9/3/2013 2:30 PM
We are very similar to Kat - everything is driven by the tax ID number. If the combined vendor has an existing tax ID in our system, everything is transferred to that vendor. Ditto if the tax ID doesn't yet exist.
Our pfroms are driven by the account number as well as the contact. If we have 7 account numbers with a vendor, that would be 7 pfroms.
One difference is that Purchasing actually creates the pfroms. AP handles the remit tos.
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JonA
Veteran Member
Posts: 1162
9/6/2013 7:05 PM
Interesting Michelle. So Purchasing has access to AP10.2 to build the locations/pfroms? The scenario we had was the vendor was bought out and the merger took place on July 1st. The last invoice was paid and the check cleared in June. It's now mid-August and I recommended just changing the name on the vendor record and that's what AP did. Then one week later an invoice from the old vendor dated in June is submitted for payment. !?!
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