Credit

IOFM Exclusive: Focus Group Finds Tariffs Are Contributing to Payment Delays

As tariffs go into effect, payment delays will worsen.

That’s the takeaway from 27 finance leaders recently contacted by IOFM. Additional headlines include:

• Just over 40%

Why You Should Consider Tightening Your Credit Requirements

The recent Federal Reserve’s Senior Loan Officer Opinion Survey found that banks tightened lending standards for businesses in the final quarter of 2024. As a result, AR teams should be

IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Who Owns the Credit Application Process in Your Organization?

Q. I work in Accounts Payable and would like to know who would be the business owner of credit applications? Would this be Accounts Payable, Contract & Supply or Finance? Do you have any information… Read More

AR collaboration with sales

Q. How does AR collaborate with sales when it comes to setting and communicating customers’ credit limits and/or handling late payments? A. (Answered by the IOFM Advisory Panel) ----- Our AR… Read More

Responsibility for supplier credit applications and the VMF

Q. Within your organization, who completes supplier credit applications? And is that group also responsible for the Vendor Master File? A. (Answered by the IOFM Advisory Panel) ----- Our commodity… Read More

Credit committee

Q. I have a question for my AR/C&C colleagues: Do you have a credit committee in your company and if so, what is their role, scope and objective? A. (Answered by the IOFM Advisory Panel) ----- We do… Read More

Requesting financial statements from private companies

Q. With the state of the economy, companies are trying to minimize risk. We have many private companies with six figure credit limits. 1. Do you request financials statements? Most recent audited… Read More

Electronic signatures on credit applications

Q. I have created our credit application in an Excel format for ease of entry by our customers. It looks much better and allows for macros and hyperlinks. However, this presents a challenge when the… Read More

Keeping up with assigned credit limits on accounts

Q. I am having a challenge with trying to keep up with assigned credit limits on accounts. Due to many price increases in raw materials, fuel, and packaging items, we have had four price increases… Read More

Order-to-Cash Manager Certification (AOCM) – Self-Study Online Course

Course Description

Managing cross-functionally brings a unique set of leadership challenges. This course highlights best practices from organizations that have aligned O2C, sharing actionable