Invoice Matching

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Managing problem resolution with an open purchasing structure

Q. I am an AP Supervisor at a major children's hospital. Our business practice here is that anyone… Read More

Tracking numbers on invoices

Q. I would like to know if it is industry standard for suppliers to provide (shipping) tracking… Read More

Technicians purchasing parts without a PO

Q. I am seeking recommendations from the Advisory Panelists on how to resolve the issue of… Read More

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

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,