Latest IOFM Data

Q. I have been tasked by senior management to find benchmarking for various KPIs, including paid on… Read More

A 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

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

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

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

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