Vendor File Advisory
Office of Operations
Bureau of State Expenditures
Advisory Name
GFO Update - Vendor Designations
Date Issued
10/26/2016
Date Last Updated
10/26/2016
Subject:
GFO Update - Vendor Designations
Guidance:
The Office of the State Comptroller (OSC) added new Sections in Chapter X of the Guide to Financial Operations regarding Vendor Designations.
The SFS currently displays information on “Vendor Certifications,” designations authorized by a government entity or program which “certifies” a vendor has met certain requirements. Beginning in January 2017, SFS will also display “Vendor Classifications,” a designation for the type of business the State does with each vendor. These designations can aid State agencies in executing and reporting on procurement and payment activities.
References:
For specifics, please visit:
- Guide to Financial Operations, Chapter X, Section 4.A.1 - Vendor Designations
- Guide to Financial Operations, Chapter X, Section 4.A.1 - Vendor Classifications
- Guide to Financial Operations, Chapter X, Section 4.A.1 - Vendor Certifications