Latest IOFM Data

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 relevant… Read More

A recent benchmarking survey by IOFM indicates that overall, more than half of the vendors in respondents’ vendor master files are inactive. 

While organizations with better

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

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CFOs are feeling the heat.  They must balance unrelenting pressure to improve the efficiency of their financial operations with increasing demands to help the business

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We went to TAPN’s most recent survey on this topic, and isolated the results for just the

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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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