Mission & Vision

Q. I've been tasked with figuring out which KPIs from Accounts Payable perspective would be useful to provide to management. Does anyone do that on a regular basis and if so, which ones would you… Read More

Process mapping is an invaluable tool to use for improving your AP operations. It provides a picture of your workflow and identifies who does a particular task or process. A process map can reveal… Read More

The days of Accounts Payable merely processing transactions are over. The AP department of today will survive only if it becomes the most efficient and effective operation it can be. To do that, the… Read More

Over the past year, the pandemic transformed Accounts Payable practices, procedures, workplaces, interactions, and team relationships. Yet despite numerous challenges, Accounts Payable survived and… Read More

Phase #2: Standardize and Specify How the Work Gets Done - Step 3: Standardize Roles and Responsibilities Identifying how the process should run, and by whom, is crucial to driving… Read More

By Pam Miller, APMD - In many organizations, AP is a microcosm of the entire organization. It is a mini IT department, a mini compliance department, a mini tax department, a mini purchasing… Read More

While there are many opportunities to conserve cash within an organization, our question this month focuses on AP’s role in cash conservation. IOFM asked members of the network: In what ways can… Read More

A chilling observation from Disaster Recovery Planning reveals that “a company that is denied access to mission-critical data for more than 48 hours will be out of business within one… Read More