Discount Capture

P-Cards Cut AP Costs and Earn Rebates, but Hit a Ceiling

A purchase card program can cut AP processing costs, reduce purchase orders and earn up to a 2.5% rebate. And the savings can add up. Just ask Steve Iannarone, longtime AP leader.

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.

Should early payment discounts include freight and tax?

Q. We are currently working on an Early payment discount project. We are seeking your feedback and… Read More

Understanding early-pay discount terms

Q. A supplier offered me an early payment discount. The invoice is 2%/Net15 / Net30. This means… Read More

Procure-to-Pay Solution Consultant Certificate Program (APPSC)

Procure-to-Pay Specialist Certification (APPS)

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Community Call: Low Invoice Volume Organizations

On Monday, June 29th, from 12 p.m. to 1 p.m., IOFM conducted a Community Call with Financial Operations professionals whose organizations have low invoice volumes. The Zoom call was moderated by… Read More