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Organizational Structure
IOFM recognizes that no two AP departments are at the same place on their performance improvement journey. Each stage brings new challenges. And that’s why our content is designed to address the issues facing those practitioners working within different operating structures, ranging from: decentralized, to centralized, to shared service centers. The Institute also provides best practices whether or not your functions are aligned with procurement or outsourced in whole or in part.
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Outsourcing Finance Functions: Key Points You Need to Consider
If you manage significant volumne of invoices, outsourcing some of all of your AP function may make sense. Learn the eight questions you should ask to determine if the beneifts outweight the risks.
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Q. I was wondering if anyone had steps or knowledge on centralizing AP.
A.
(Answered by IOFM's AP Advisory Panel)
This is actually something I… Read More
Q. Within your organization, who completes supplier credit applications? And is that group also responsible for the Vendor Master… Read More
Q. Recently, my Accounts Payable department was a part of a re-org and combined with Purchasing. My leadership is researching what to name the… Read More
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