What is required for a vendor to be updated in GFEBS?

Updating a vendor in GFEBS (General Fund Enterprise Business System) requires modifying the existing vendor master record. This process is essential because it ensures that any changes to the vendor's information—such as contact details, banking information, or capabilities—are accurately reflected in the system. The vendor master record serves as the foundational data for all procurement activities, allowing for smooth transactions and maintaining the integrity of financial data.

When there is a need to update a vendor's information, directly modifying the vendor master record ensures that the most current and accurate information is used in any future transactions. This is crucial for maintaining effective management of vendor relationships and ensuring compliance with relevant financial regulations.

In contrast, completing a new registration form would generally be relevant when adding a completely new vendor rather than updating an existing one. Criteria such as minimum usage of services or an annual performance review are important for evaluating vendor performance but are not directly related to the technical process of updating vendor information in the system.