Organizational Structure

IOFM recognizes that no two AP departments are at the same place on their performance improvement journey. Each stage brings new challenges. And that’s why our content is designed to address the issues facing those practitioners working within different operating structures, ranging from: decentralized, to centralized, to shared service centers. The Institute also provides best practices whether or not your functions are aligned with procurement or outsourced in whole or in part.

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Outsourcing Finance Functions: Key Points You Need to Consider

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If you manage significant volumne of invoices, outsourcing some of all of your AP function may make sense. Learn the eight questions you should ask to determine if the beneifts outweight the risks.

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Friction is undermining the efforts of businesses to optimize their procure-to-pay cycle. Without addressing this friction, a business'

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We spoke with Jess Scheer, IOFM’s Executive Editor, to get his take on the relationship between procurement and accounts payable—the typical… Read More
To pay invoices more efficiently, it is crucial to have open communication between AP and your vendors’ AR departments, but that doesn’t mean it… Read More

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