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Latest IOFM Data
Most AP staff are working longer hours because invoice volume continues to climb – leading to burnout and a potential rise in resignations. That’s the takeaway of two surveys recently
… Read MoreA benchmarking survey by IOFM indicates that overall, more than half of the vendors in respondents’ vendor master files are inactive.
While organizations with better vendor master file hygiene… Read More
Key takeaways from IOFM’s latest quarterly benchmarking survey conducted in early October 2021:
AP teams remain swamped with invoices.
For the second consecutive quarter, two in three AP teams… Read More
Q. What is the percentage of PO discrepancies that an AP department typically has? Is there any… Read More
Q. Are there any benchmarking reports you can share related to the number of FTEs in an accounts… Read More
Q. I am looking to benchmark the following information regarding processing PO Invoices versus Non… Read More
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
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