Automation

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In the next three years, three-quarters of AP leaders say their departments will play a more strategic role inside their organization. Are you ready?

A new joint study by IOFM and Esker has found

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If you’re considering an automation project but aren’t sure where to start, there are several preliminary steps to consider. One that’s absolutely essential is that of obtaining a sponsor, or… Read More

Artificial intelligence.

Pick up a trade publication.  Attend an industry trade show. Listen to a webinar. Almost every new technology solution seems to have some element of artificial

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Capturing EarlyPay discounts is traditionally reserved for mature AP functions after years of investment in automation -- but it doesn’t have to be.

For every $1 billion in PO spend,

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Many accounts payable automation implementations are plagued with budget overruns and less-than-ideal outcomes. These setbacks can occur when AP processes and procedures are not mapped, analyzed, and… Read More

By Pam Miller, APMD

Overcome Resistance With Knowledge

Anyone who advocates for automation in AP is likely to meet resistance, since AP tends to be conservative, paper-based, manual, and subject to

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As a company expands, growing pains are inevitable.

Do these challenges sound familiar? 

  1. Vendor relationships are vitally important;
  2. Regulatory risks and potential fines rise;
  3. Fraud and abuse
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Source-to-pay (S2P) automation is undergoing a resurgence that will inevitably manifest over the next decade. Technologies such as robotics and AI, as well as advances in data collection and

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WF_527703_IOFM19_Hyland_WP_mockup_LR.jpg.small.300x300.jpegMost of an organization’s cash passes through the hands of accounts payable, so you’d assume AP would have deep insight into the company’s financial well-being. However, without

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Q. I'm a new member of IOFM. I'm starting to research OCR solutions. Does anyone use OCR with… Read More

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