Leadership

As a manager in an Accounts Payable department, you have probably run into your fair share of personnel challenges. First, you face the hurdle of finding qualified new hires. After that, retaining

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Cash is king. While this phrase has become one of the most worn-out clichés in the business world, it doesn't diminish the truth of the statement. A business is not a business without cash. Cash… Read More

Days payable outstanding (DPO) is a key metric, indicating how many days on average an organization takes to settle its payables. It is used in working capital management. A formula to calculate DPO… Read More

Q. How are you all handling the work-life balance issue with your teams? We have an extremely busy department, and while there is no expectation for anyone to work extra hours, they are putting… Read More

In most organizations, the financial operations department is faced with demanding and competing priorities for the last several months of the current fiscal year and the first couple months of the… Read More

Recently, IOFM spoke with career Accounts Payable professional Angelina Mendez, B.S., who is Sr. Manager of Supplier Finance & Payment at the Fort Dearborn Company. Angelina's passion for… Read More

IOFM’s recent 2020 Efficiency Benchmarks survey revealed significant changes in staffing in the year of COVID as compared to 2019. With fewer invoices to process, finance departments reacted by… Read More

On Monday, July 13th, from 12 p.m. to 1 p.m., IOFM conducted a Community Call with financial operations professionals in city, state, and federal government agencies. The Zoom call was moderated by… Read More

Q. My team members are still working from home and they will continue to work from home for the foreseeable future. I am taking this opportunity to expand some of our skills. Has anyone recently… Read More