Leadership

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If your department has a limited budget — or no budget at all — for team-building, but you want to do something to boost morale and build relationships, what do you do? A member asked us this… Read More
Monica Brooks, Manager of Accounts Payable at Ohio Health, has a unique take on what’s required to drive results. We asked her about the methodology she embraces to get the most from her team—and… Read More
Accounts payable is a department known for team members’ longevity in their roles. In many organizations, it’s a place where people spend their bulk of their careers, eventually retiring from… Read More
Change can be difficult, especially when it comes to an established process like accounts payable. Yet in order to keep up with the times and make your department as effective as it can be, you must… Read More

Making Your AP Team the Best It Can Be

11 Ways to Successfully Manage your AP TeamFinding and attracting good talent can be a challenge, but it can be even more difficult keeping your good team members around. Fortunately, you have the power

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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
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

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