10+ Decode Design Studio Interview Questions and Answers

VMD process is a method used to verify and match vendor invoices with purchase orders and receipts.

• VMD stands for Verify, Match, and Distribute.

• It ensures that the vendor invoice matches the purchase order and receipt.

• It helps in preventing overpayments and underpayments.

• It is a crucial step in the accounts payable process.

• For example, if a company orders 100 units of a product, receives 90 units, and the vendor invoices for 100 units, the VMD process will catch the discrepan...read more