Invoice Matching

Good Process Management Keeps AP Humming in a One-Person Shop

Accounts payable departments can have the best-designed processes in the world, but without ongoing process management, AP cannot function at optimum performance levels. The consequences can be… Read More

Invoice Receipt and Processing During the COVID Crisis

These comments were compiled from an online discussion conducted by IOFM with the Advisory Panel on April 8, 2020. Lynn Tate, APM, Accounts Payable and Expense Report Analyst, Urban Science… Read More

How Do You Sort Your Invoices?

There are at least seven methods for sorting incoming invoices, which leads to the question: What is the most effective process for my AP operation? The short answer is, an organization's sorting… Read More

Seven Ways AP Can Add Value to an Organization

Following an investment in automation, it’s not unusual for companies to downsize their AP departments. Fewer people are needed for low value-add activities such as scanning and processing… Read More

Eight Cracks That Allow Duplicate Invoices to Slip Into the System

By Pam Miller, APMD No matter how hard AP tries, duplicate invoices are a scourge that will not vanish. However, although we may not be able to eliminate them entirely, there are a number of steps… Read More

Invoice Processing Policy

This template provides an example of an AP Invoice Processing Policy. Microsoft Word

Nonpurchase Order Policy

This template provides an example of an AP Nonpurchase Order Policy. Note that not using a PO is not a best practice and should be done only in specific circumstances.

Microsoft Word