A study on the vendor payment activities and procedure system of Save the Children

Abstract

Vendor Payment is an important aspect of finance department. In every organization they have their own selected suppliers to provide them necessary things they need. Every has different procedure and activities in terms of providing payment to the vendors. Like this different NGO’s follow different procedures. Save The Children in Bangladesh is a globally active non-government and non-profit organization which works for the development of the country and for emergency response programs. The organization is working for the welfare of our country and it is getting results for the country. The organization collects funds from the institutional donor and individual or corporate donor and utilizes them in a proper way to run programs in our country. They need a lot of vendors in order to execute their projects and for this they have different procedure to provide payment to their vendors. These procedures are explained in a detailed way in this report. This paper presents a detailed overview of the Vendor Payment procedure and activities of NGO and its broad applications. Furthermore, it will help to identify the potential impact of Vendor Payment and its procedure and activities of an NGO in Bangladesh.