IOFM Accounts Receivable, Credit & Collections Membership helps you save time, save money, and stay compliant.

Featured Membership Content

• 12 Benefits of a Shared Service Center (SSC) Approach to Credit, AR and Collections

  icon Article on Credit, Receivables & Collections

  Credit professionals who work at larger companies with several regional or even international offices—each with its own credit, receivables and collections operations—are familiar with the enormous challenges this entails. How Continue…

  Save TimeSave MoneyStay Compliant

• 10 Ways Imaging Systems Deliver Strong ROI to AR

  icon Article on Automation and Technology

   Eliminating paper-intensive processes in AR is fundamental to achieving efficiency and reducing cost. That means, at every stage in the order-to-cash process, turning paper documents into electronic files by means of AR imaging technology—a solution that has steadily become both more powerful and cost-effective. However, to win approval for the spend involved, AR pros will need to make a clear business case documenting return on investment.  Continue…

  Save TimeSave MoneyStay Compliant

• AR/Credit SOX Compliance Impacted by Relationship with Sales

  icon Article

  AR and credit pros understand that their companies' SOX compliance depends in part on accurate calculations and reporting from their own departments, since these significantly affect revenue recognition. AR and credit at many private companies are also impacted by certain SOX rules. What may be less well known is how certain practices by sales--and AR and credit pros' knowledge regarding those practices--can place AR and credit, as well as the whole company, in violation of SOX rules and therefore subject to fines and criminal prosecution.  Continue…

  Save MoneyStay Compliant

• ACH Payments Lower Credit Fraud Risk—But Vigilance Still Required

  icon Article on Automating Credit and Collection Functions

  The good news: receiving payments through ACH substantially reduces the risk of credit fraud. The bad news: it doesn't do so entirely, so steps still need to be taken to make sure your company doesn't become a victim.  Continue…

  Save Money

From the Blog

• Gusts of Indecision Blow Across AP

  icon Blog on Career Issues

  The way some folks make decisions -- or don't-- can be the most frustrating thing about a given work day. Continue…

• Unclaimed Property Electronic Reporting Part II–Data Protection

  icon Blog on Escheatment

  It’s easy to maintain your data protection all along its path through your systems and eventually to the states if you use the electronic reporting method for reporting unclaimed property. Continue…

  Save TimeStay Compliant

• Unclaimed Property Electronic Reporting Part II–Data Protection

  icon Blog on Escheatment

  It’s easy to maintain your data protection all along its path through your systems and eventually to the states if you use the electronic reporting method for reporting unclaimed property. Continue…

  Save TimeStay Compliant

• Electronic Unclaimed Property Reporting Part I–It’s Easier Than You Think

  icon Blog on Escheatment

  States unclaimed property (escheatment) laws are being more aggressively enforced than ever. So why not switch to electronic reporting to make compliance easier? Continue…

  Save TimeStay Compliant

• No One to Blame but Yourself for Customers Paying Late?

  icon Blog on International

  AR and credit pros have plenty of room for legitimate complaint as customers continue to stretch payments well beyond agreed-upon terms. However, if those same AR and credit professionals fail to access publicly available payment data on those customers they may have no one to blame but themselves.  Continue…

  Save TimeSave Money

• Is There a ‘Cloud’ in Your Accounts Receivable Department’s Future?

  icon Blog on Accounts Receivable

  For AR managers seeking automation but short on IT budget, "cloud"-based solutions may seem the perfect answer. And they may be, assuming AR pros correctly calculate the full and true costs of such software-as-a-service solutions. Continue…

  Save Money