Latest IOFM Data

AP teams may soon find themselves stretched thin – needing to hire staff or further invest in automation to handle an uptick in demand, according to a new benchmarking survey conducted by IOFM. A… Read More

Terms, Due Dates and Check Run Frequency - The most powerful tool that AP has for cash management is its ability to control when an invoice is paid. In a strong economy, an organization may choose… Read More

Q. In regard to IOFM's new Benchmarking Reports, do you review the reports with your leader and… Read More

The Insider asked four IOFM Advisory Panelists what they will do with the insights they have gained from the IOFM Benchmarking Reports. What They Told Us Bilyana Gavrilova, Shared Services Manager,… Read More

In IOFM’s recent 2020 Efficiency Benchmarks survey, we polled organizations to see how often they were able to pay their PO invoices on time. Here’s how organizations with moderate… Read More

On Monday, September 14, from 12 p.m. to 1 p.m., IOFM conducted a Community Call with Financial Operations professionals to discuss the key findings from IOFM's latest benchmarking surveys. The Zoom… Read More

Q. I see the benchmark for "paid on time" in IOFM, but are there any other details that can be… Read More

Q. In your AP performance efficiency benchmark, you highlight paid on time rates for top and… Read More

Efficiency Measures: Split by Industry Of the 388 AP functions studied for this report, only five industry groupings were large enough to conduct valid statistical… Read More

Efficiency Measures: Staffing Costs are only part of the efficiency equation when benchmarking your AP team’s performance. It’s also important to know if you have the right number and mix of… Read More