Rethinking Paper Documents
One of the things many AP departments have learned from COVID-19 is that heavy reliance on paper is not a good idea. While it may be impossible to get vendors to stop sending you physical invoices entirely, there’s a way to reduce the handling and cost it takes to process them.
Disaster Recovery, Take Two
Even if you had a disaster recovery plan before COVID-19, it may not have been robust enough to deal with the challenges of having to work from home for an extended period. It’s a good idea to recraft your business continuity plan now in light of recent events and lessons learned.
Suppliers May Reconsider P-Cards
In the past, vendors may have been reluctant to accept P-cards because there’s a cost associated with them. However, given the difficulty many of them are having getting paid now, they may be willing to reconsider this fast, paperless payment method.
NEW: Online Automation Workshop
The COVID-19 public health crisis has led many AP departments to rush to find an automation solution. But there are important steps that can and should be taken to prepare. IOFM’s new Automation Workshop will ensure you make the most of your investment.
Get Certified, Live and Online
During challenging times, it’s more important than ever to ensure that you – or members of your team – are properly trained and prepared to perform at peak efficiency. IOFM is offering live, online AP Specialist Certification training on July 30th and AP Manager Certification training on August 13th.
Have you browsed IOFM’s digital Buyer’s Guide?
From payments automation to tax and regulatory compliance, this interactive resource identifies the partners and products who can help your organization overcome current challenges.
Check Out The Guide