Latest IOFM Data

Terms, Due Dates and Check Run Frequency - The most powerful tool that AP has for cash management is its ability to control when an invoice is paid. In a strong economy, an organization may choose… Read More

The Insider asked four IOFM Advisory Panelists what they will do with the insights they have gained from the IOFM Benchmarking Reports. What They Told Us Bilyana Gavrilova, Shared Services Manager,… Read More

On Monday, September 14, from 12 p.m. to 1 p.m., IOFM conducted a Community Call with Financial Operations professionals to discuss the key findings from IOFM's latest benchmarking surveys. The Zoom… Read More

Efficiency Measures: Split by Industry - Of the 388 AP functions studied for this report, only five industry groupings were large enough to conduct valid statistical… Read More

Efficiency Measures: Staffing - Costs are only part of the efficiency equation when benchmarking your AP team’s performance. It’s also important to know if you have the right number and mix of… Read More

Introduction

The first step in any improvement journey is to quantify where you’re starting. That’s a challenge for many AP leaders because it’s difficult to recognize the most

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