Strategies & Tactics

Q. Do you know of any resources that highlights statistics from a survey on the challenges that AP departments are facing today? Example, the Censuswide released a survey and found that 72 percent… Read More

Q. My department is short-staffed, and our company acquired two organizations this year. My group has been working very hard with our workflow. I was wondering if the Advisory Panelists could share… Read More

A term you’ll hear from time to time is “desk-level decision making.” That simply means that each team member is making their own decisions about their process and priorities. As an example,… 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

Q. I have a bit of an unusual request. I have been working on the team structure and titles for my team. Until a few years ago, we had one department drafting and entering contracts (MSA, SOW )… 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

These comments were compiled from an online discussion conducted by IOFM with the Advisory Panel on April 8, 2020. Christine Battles, P2P, Accounts Payable Manager, UniFirst Corporation. UniFirst is… Read More

These are sample guidelines and expectations for an AP work from home program. Provided courtesy of Cameco Corporation.

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As the threat of coronavirus spreads and people are being cautioned to “social distance” themselves from one another, a work-from-home strategy is being mandated by many organizations. While AP… Read More

By Chris Doxey, CAPP, CCSA, CICA Segregation of duties is a basic, key internal control and one of the most difficult to achieve. It is used to ensure that errors or irregularities are prevented or… Read More