Benchmarking

Before you make any changes to your processes, it’s crucial to know how your performance compares to your peers. The content in this section includes both measurement process and principles -- why measure, what to measure and how to measure – as well as our latest data.

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IOFM's Fall 2017 Performance Benchmark Report

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The first step in making the business case for any improvement is measuring current performance and gauging how much of an improvement is realistic. IOFM's latest benchmarking report enables you to compare your department to others AP functions with similar levels of automation and organizational structures.

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Q.  I am currently assessing the success of our virtual card payment program and am looking for benchmark data to compare. Specifically, I am… Read More
Q. Are there any companies out there who will do a dep dive into a particular industry to compile benchmark data for a peer group of competitors? We… Read More

A recent benchmarking survey by IOFM indicates that overall, more than half of the vendors in respondents’ vendor master files are

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