What You Can Learn From AP’s Best Departments

AP automation unlocks efficiencies for most organizations, but why not all? The key is that top performers don’t rely on automation alone to pay invoices faster while making fewer errors. Based on a study of nearly 400 AP departments, IOFM’s Executive Editor Jess Scheer will identify the crucial differences between above-average AP teams and those with significant room for improvement.

Spoiler Alert: The crucial takeaway is process consistency – setting and enforcing expectation that everyone not only does the same thing, but the right thing. Easier said than done, given that the majority of AP teams are struggling with AP processers doing their own thing. Learn what separates the best from the rest in this free and highly interactive webinar.

IOFM will share their latest peer-specific actionable benchmarks, including:

• Cost per invoice
• Invoices per FTE
• Share of invoices paid on time
• Share of duplicate payments

Jess Scheer
Editor, IOFM

IOFM Editor Jess Scheer is an award-winning business reporter, focused on the intersection of accounting, finance and management. Before joining IOFM, Jess spent five years as a Process Consultant, helping organizations more effectively and efficiently manage end-to-end processes, including Procure-to-Pay and Order-to-Cash.

Jess is a popular speaker, keynoting IOFM’s annual conferences. His sessions draw on his experience helping organizations create effective measurement approaches, conducting custom survey projects, as well as personally managing several large-scale benchmarking programs.