- Membership
- Certification
- Events
- Community
- About
- Help
Latest IOFM Data
Keys to Driving AP Performance: Eight Benchmarks for Efficiency and Effectiveness in Shared Services
This report is designed specifically for AP teams working in shared services. It benchmarks eight critical AP metrics, including invoice cycle time, cost per invoice, and days payable outstanding all
… Read MoreIn our second report, we turn to decentralized AP teams, those operating outside of shared services. The findings show how today’s economic uncertainty is influencing payment strategies, with
… Read MoreBusinesses – especially those that sell to consumers – are facing daunting tests in this economy.
Headwinds were already bad: the Federal Reserve reported in July that auto loan and
2024 AP Benchmarking Report: Automation and Technology -
This year, we once again analyze the progress of AP organizations’ move to technology. All indicators point to the fact that tech is on… Read More
2024 AP Benchmarking Report: Performance Metrics and Concerns -
In this second of three 2024 AP Benchmarking Reports, we examine accounts payable performance metrics that reflect respondents’… Read More
2024 AP Benchmarking Report: Respondent Demographics -
Benchmarking is a recommended best practice for organizations looking to improve their processes. It involves research into how other similar… Read More
Q. I have some questions around metrics for “invoices paid late.”
From an AP benchmarking… Read More
Q. I have been tasked by senior management to find benchmarking for various KPIs, including paid on… Read More
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
What are you waiting for?
