Automation

Few technologies have generated the excitement of artificial intelligence or AI.

It’s no secret why.  What AP department wouldn’t want to …

… Post more invoices

The email looks official, absolutely genuine.  It’s purportedly from one of your suppliers requesting that you disburse their payments to a new bank account.  An email to the sender

Want solutions for your toughest accounts payable challenges?

IOFM's virtual town hall addressed ways to:

• Optimize your accounts payable processes
• Choose, cost justify, and deploy AP

Your relationship with suppliers is built on on-going communications to order, receive, promote and pay for goods and services. Inevitably, throughout the process, errors occur that lead to friction.

Odds are good that fraudsters have tried to trick you into making payment to a bank account that they control. The risk of falling victim to these schemes has grown since companies started relying

Facing economic headwinds and a persistently tight labor market, finance leaders are having an increasingly tough time hiring finance staff with specialized digital skills. According to Gartner, only

Without proper internal controls, accounts payable (AP) practices can expose businesses to significant risks – including those of financial errors, duplicate payments, and potential fraud.

This

How AP Can Help Navigate a Difficult Economy 

Economic indicators are sending confusing messages in 2023. While some experts predict a recession over the course of the next year or so, others

E-invoicing? Payment risk monitoring and prevention? Automated supplier onboarding? 

Whatever problem you are trying to solve by transforming from manual to digital processes, you may be

When it comes to starting your journey to a fully automated procure-to-pay (P2P) destination, it can be easy to think that it makes the most sense to start at the beginning – procurement. But