Q. Our company currently uses a third party company to pay invoices either with a credit card,… Read More
Q. We had two vendors check "Other" as their tax status and used the following descriptions:… Read More
Q. We paid a vendor which is Incorporated. A settlement agreement was reached to avoid litigation… Read More

Are You Missing Out on Millions?

Early payment discounts can mean big savings for your organization. A standard "2 percent 10" invoice discount (the buyer receives 2 percent off for paying within

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Q. I am wondering if your panelists could provide me advice or resources regarding front-end… Read More
Q. Is there a time limit for vendors to send invoices for payment? We are receiving invoices from… Read More
Scanning Turns Paper Invoices Into "E" Data—and AP into "Accounts Paperless" by Judy Bicking, IOFM Senior Trainer Scanning technology and workflow present a huge opportunity to gain control over… Read More
Q. Our company asks vendors to complete our EFT form and return it along with a bank letter within… Read More
Q. We have credit POs set up to record incentives earned through an agreement with vendors. Most… Read More
A question posed to IOFM rather frequently concerns a "no-PO, no pay" policy. Is it feasible? Should my organization implement one? Are there inherent problems? We asked IOFM Senior Trainer Judy… Read More

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