Latest IOFM Data

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

Introduction

The first step in any improvement journey is to quantify where you’re starting. That’s a challenge for many AP leaders because it’s difficult to recognize the most

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Q. (cont.) Do you have any statistics on rebate percentage and what vendor types accept virtual

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The answer depends first on your definition of cost per check issued – do you mean just the cost

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