Automation

If automation is a priority for you or your team, IOFM's next AP Demo Day is the ideal place to start. Join us this July 20th for a full-day virtual event featuring demos of the latest solutions that can help you on your automation journey!

Unclaimed Property Audit Risks – AP and AR Essentials

States are targeting companies for unclaimed property audits, self-audits, compliance reviews, and voluntary disclosures. This webinar will cover what risks this poses to a company, and what it means

IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

EDI standards

Q. Is there a standard EDI format? (Limitations, character standards, etc.) A. (From the Ask the… Read More

EDI non-compliance penalties

Q. Does anyone charge a penalty/compliance fee to vendors whose EDI invoices fail because the… Read More

Emerging Payment Fraud Threats & How to Protect Your Accounts Payable Department

Fraudsters are constantly crafting new schemes to trick AP into handing over critical data and misdirecting payments. We know that policies and procedures alone won’t protect you from payment

Transforming AP Using AI

As artificial intelligence (AI) becomes more commonplace, small and midsize businesses (SMBs) are recognizing opportunities to use AI to modernize their finance operations.

No where is that more true

Virtual Card: Myths, Facts, and How To Maximize Benefits

Finance leaders are doing all they can to push through economic uncertainty in 2023 by maximizing efficiencies and focusing on cash flow management. The majority of teams are already embracing AP

Grow Your Business Efficiently: Take the Pain Out Of Scaling Payables

Every business wants to grow.

But scaling your finance operations to support business growth can be challenging.

… additional staff must be hired

… systems and solutions

How to Use Process Mapping to Improve Operations

Process mapping is an invaluable tool to use for improving your AP operations. It provides a picture of your workflow and identifies who does a particular task or process. A process map can reveal… Read More

Out of Recovery: How Penn State Health Uses AI to Prevent Duplicate Payments, Removing the Need for Costly Accounts Payable Recovery Audits

Penn State Health is a multi-hospital health system serving patients and communities across Pennsylvania. The organization also owns 126 practices across 94 unique outpatient locations in the US and

How to Mitigate Inflation Risk through Better Cash Flow Management

Companies often rely on past experience when forecasting their cash flow needs. But during periods of inflation, companies face the challenge of continually adjusting their plans to accommodate