Invoice Matching

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How do large organizations' AP teams address invoice discrepancies?

Q. My team and I were wondering how other large organizations on the IOFM Advisory Panel address… Read More

The ABCs of Matching and Its Critical Role in Invoice Processing

One of the most important tasks in the invoice payment process is the concept of matching the information on the invoice (or substitute document) with information that backs up or supports the… Read More

Good Process Management Keeps AP Humming in a One-Person Shop

Accounts payable departments can have the best-designed processes in the world, but without ongoing process management, AP cannot function at optimum performance levels. The consequences can be… Read More

Invoice Receipt and Processing During the COVID Crisis

These comments were compiled from an online discussion conducted by IOFM with the Advisory Panel on April 8, 2020. Lynn Tate, APM, Accounts Payable and Expense Report Analyst, Urban Science… Read More

How Do You Sort Your Invoices?

There are at least seven methods for sorting incoming invoices, which leads to the question: What is the most effective process for my AP operation? The short answer is, an organization's sorting… Read More

Seven Ways AP Can Add Value to an Organization

Following an investment in automation, it’s not unusual for companies to downsize their AP departments. Fewer people are needed for low value-add activities such as scanning and processing… Read More

Can’t Get Out From Under All the Paper?

On-demand Webinar | Free

Did you send out an invoice for approvals or help resolving mismatches and never see it again? Is AP the reason the invoice wasn't paid? Of course not, it’s the

The Single Solution to Invoice Processing Headaches

The-Single-Solution-to-Invoice-Processing-Headaches-cover In a perfect world, all invoices would arrive electronically into an Accounts Payable department, and be processed and posted straight-through, without human operator intervention. Unfortunately,

How Electronic Invoicing Networks Streamline Global Tax Compliance

Today’s digital economy makes it easier than ever for businesses to buy and sell across the globe. As a result, more businesses must support the value-added tax (VAT), goods and services tax (GST),

Special Report: The True Costs of Paper-Based Invoice Processing and Disbursements

The stagnant economy has made businesses desperate for ways to improve profit margins and net income. One way that businesses can achieve both of these objectives is to automate invoice processing