Outsourced

IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Check printing vendor

Q. We print approximately 45,000 checks annually and we're looking for a vendor that could take over this process. Does anyone work with such a vendor? If so, do you have any feedback on your… Read More

Vendor that performs ACH verification

Q. I would like to know if anyone on the Advisory Panel uses a vendor to perform ACH verifications. If so, what vendor do they use and what is their success rate? Also, what was the ease of… Read More

Should You Outsource 1099 Preparation?

Whether you're gearing up for a new season of 1099 reporting or conducting a post-mortem of your 1099 prep process, you may well be thinking, "There must be a better way!" If 1099 management… Read More

Outsourcing: Four Ways to Protect Yourself

Hire a lawyer who specializes in outsourcing to craft a contract that covers all potential risks. Insist that the vendor accept your contract form; never sign a cookie-cutter agreement. Watch what… Read More

Checklist for Choosing an Outsourcing Service

Is the vendor experienced in the kind of auditing, management or payments that your corporation wants it to perform? To answer the question, consider: How many years has the company been in… Read More

Case Study: Use Outsourcing to Get Rid of the Things That Cause You Pain

Chip Johanni was an accounts payable manager at a large insurance company for close to 15 years before becoming a full-time continuous improvement consultant. His AP team had 40 AP associates,… Read More

Secrets of Successful Business Process Outsourcing

Business process outsourcing, or BPO, can alleviate much of the back office data entry functions of an accounts payable department, but not all implementations are brilliantly successful. The… Read More

Four Ways Outsourcing Can Strengthen You—Now and in the Future

By Loral Narayanan Just staying in the game is the primary focus of most companies today. Issues like cutting costs, downsizing, reducing debt, and unloading underperforming properties are at the… Read More

Outsourcing Finance Functions: Key Points You Need to Consider

By Mike Sbrocco, Director of Finance/Controller, Junxure Outsourcing in finance continues to be a growing trend. When facing a major initiative such as automating the AP process, many finance leaders

Is outsourcing payments the right move for your organization?

When it comes making payments, more and more accounts payable professionals are venturing outside of their organizations to partner with third-party vendors or banks in efforts to streamline and