Automation

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If automation is a priority for you or your team, IOFM's next AP Demo Day is the ideal place to start. Join us this July 20th for a full-day virtual event featuring demos of the latest solutions that can help you on your automation journey! 

Q. Does anyone use an AP automation program that can read and route purchase orders for… Read More

Protect Your AP Department from Today’s Most Dangerous Fraud Schemes

Business email compromise, phony bank account change requests, deepfakes. 

Today’s fraudsters are using

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Fraud in Accounts Payable (AP) is more common, and more costly, than many organizations realize. Billing schemes, business email compromise, fictitious vendors, kickbacks, and bribery can all slip

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Corporate payments are critical to business operations, yet they’re often seen as a necessary burden and not core to what a company does. Many companies face complex, competing objectives

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Most organizations digitize their invoices and automate basic approvals, but still find themselves handling exceptions, coding errors, and payment decisions by hand. The final step to a truly

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Accounts payable (AP) and accounts receivable (AR) are the twin engines that drive any business. Yet AP and AR teams are often managed as separate entities with siloed data and processes. Even worse,

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After establishing multi-entity organizations, many companies struggle to maintain efficient financial operations. That's because newly-formed multi-entity organizations tend to underestimate the

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Cybersecurity is no longer just an IT concern, it’s a critical function for every department, especially Accounts Payable. In today’s landscape, sophisticated phishing and business email

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Accounts Payable departments are under attack. Nearly 3 out of 4 AP teams report being targeted by fraudsters, with attacks ranging from small-scale schemes to attempts of over $100,000.

This

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Fraudsters don’t need to break into your systems to steal your money.  They just need to trick your AP team into updating a supplier’s bank account details.  Business email

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