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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
In this article, IOFM interviews long-time IOFM Member and Advisory Panelist, Lynn Tate, APM, who is semi-retiring after more than 40 years in financial operations. Ten of those years have
… 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
Course Description
The course covers AP fundamentals, best practices and regulatory compliance, all of which are necessary to understand your clients who work in the accounts payable
The days of AP 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 AP manager… 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 improvements … 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 (disaster-recovery-planning.org) reveals that “a company that is denied access to mission-critical data for more than 48 hours will be out of
… Read MoreWhat are you waiting for?
