Payment

Q. We have some companies that do not include an invoice number or account number on their… Read More

Q. What is the industry average time to process an invoice and create a new vendor? A. (Answered… Read More

Q. We are looking into our current practice for obtaining ACH information from vendors and wonder… Read More

In IOFM’s recent 2020 Efficiency Benchmarks survey, we polled organizations to see how often they were able to pay their PO invoices on time. Here’s how organizations with moderate… Read More

Q. Does anyone have a process documented for outstanding checks prior to them reaching the 120/180… Read More

Q. I have a vendor who is insistent upon submitting proforma invoices. Are these generally OK to… Read More

Q. I need to understand the impact of unpaid prepayment at month end. Should AP cancel invoices… Read More

Q. Please describe the best practice for AP to validate vendor bank accounts. Our payment process… Read More

Q. I am looking to see how other companies remit their EFT/ACH remittance advice to their… Read More

Q. I am wondering if anyone is doing blockchain or at least looking into it. If yes; would you be… Read More