Process Improvement

The IOFM’s mission is to empower you to driver greater performance out of each step of the AP process: from procurement, to receipt of the good and invoice, to invoice matching, to routing and approval, to payment (including management and use of p-cards), to reconciliation, and accounting. The Institute’s best practices are valuable for those serving tasks that support AP – even if reporting outside of the operation, including: vendor master file, customer service, and project management.

Managing performance improvement is the key to success – whether your department is highly manual or fully automated or somewhere in between. IOFM helps practitioners do their job better and faster to generate savings (i.e., capture early-pay discounts) and free up time for higher-value activities.

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Tracking Results from an Automation Project

Featured Content

Learn the top ten lessons learned from AP Specialist Jerri Painter's adventure leading an automation project for her department at the University of North Carolina at Charolotte. (Spoiler Alert: Everything takes longer than you anticipate.)

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Although mobile phones, apps, and on-demand purchasing is a part of our everyday lives, and at this point even expected, that’s not the case

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WF_479428_IOFM19_Hyland_Whitepaper_mockup_HR.jpg.small.300x300.jpegHow helpful is AP automation when it comes to providing key financial insights?

Because most of the cash flowing out of an organization moves through

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Digital transformation is at the helm of most business initiatives today, yet manual processes are still dominating many aspects of the P2P cycle,

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