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New vendor setup form is a document used to collect information about a new vendor that a company is looking to do business with.
The vendor or supplier who wants to establish a business relationship with a company is required to file the new vendor setup form.
The new vendor setup form should be filled out with accurate and complete information about the vendor, including contact details, payment preferences, and tax identification numbers.
The purpose of the new vendor setup form is to collect essential information about a vendor before officially starting a business relationship to ensure compliance and transparency.
The new vendor setup form typically requires information such as vendor's legal name, business address, contact person, payment terms, tax ID number, and banking details.
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