Process & Principles

Sandra Slaughter, APM, is vice president and AP manager of UMB Bank NA, in Kansas City, Mo. The bank has 135 locations and 3,400 employees, including nine in the AP department. “We were looking to

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The AP department at Briggs & Stratton Corporation (Wauwatosa, WI) was experiencing a number of challenges that led AP manager Al Barrett, CAPM, to implement a new process of measuring

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While his accounts payable department is now working like a well-oiled machine, one accounts payable manager had to overcome some challenges to get to this point.  “In our organization, we had… Read More

By Pam Miller, APMD Consultants and other experts who discuss the state of accounts payable often talk about the transition AP is making from focusing totally on transaction processing to performing

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Metrics are critical for understanding an accounts payable operation and for assessing the impact of any changes made to that operation to achieve organizational goals. In a survey conducted by IOFM

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Knowledge is power. — Sir Francis Bacon As business becomes more sophisticated and more stretched, whether because of a tight economy or simply competitive conditions, focus has turned to greater

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AP departments today deal with a wide range of tasks. But you may be surprised to learn that most do not deal with tasks such as travel or purchasing card administration, foreign currency payments,

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When going for a drive, you are sure to check your dashboard at some point, if not multiple times. The car dashboard allows you to check speed, gas mileage, and engine temperature, all without you

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One proven way to determine how well AP is functioning is to measure your cost to process an invoice. However, IOFM’s members often struggle with calculating this benchmark. For example, an AP… Read More