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Latest IOFM Data
2024 AP Benchmarking Report: Automation and Technology -
This year, we once again analyze the progress of AP organizations’ move to technology. All indicators point to the fact that tech is on… Read More
2024 AP Benchmarking Report: Performance Metrics and Concerns -
In this second of three 2024 AP Benchmarking Reports, we examine accounts payable performance metrics that reflect respondents’… Read More
2024 AP Benchmarking Report: Respondent Demographics -
Benchmarking is a recommended best practice for organizations looking to improve their processes. It involves research into how other similar… Read More
Q. I have some questions around metrics for “invoices paid late.”
From an AP benchmarking… Read More
Q. I have been tasked by senior management to find benchmarking for various KPIs, including paid on… Read More
Most AP staff are working longer hours because invoice volume continues to climb – leading to burnout and a potential rise in resignations. That’s the takeaway of two surveys recently
… Read MoreA benchmarking survey by IOFM indicates that overall, more than half of the vendors in respondents’ vendor master files are inactive.
While organizations with better vendor master file hygiene… Read More
Key takeaways from IOFM’s latest quarterly benchmarking survey conducted in early October 2021:
AP teams remain swamped with invoices.
For the second consecutive quarter, two in three AP teams… Read More
Q. What is the percentage of PO discrepancies that an AP department typically has? Is there any… Read More
Q. Are there any benchmarking reports you can share related to the number of FTEs in an accounts… Read More
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