Leadership

Accounts Payable and the Maturing Workforce

Accounts payable is a department known for team members’ longevity in their roles. In many organizations, it’s a place where people spend their bulk of their careers, eventually retiring from… Read More

Profiles in AP: Managing Through Change with Judy Bicking

Change can be difficult, especially when it comes to an established process like accounts payable. Yet in order to keep up with the times and make your department as effective as it can be, you must… Read More

11 Ways to Successfully Manage your AP Team

Making Your AP Team the Best It Can Be

11 Ways to Successfully Manage your AP Team Finding and attracting good talent can be a challenge, but it can be even more difficult keeping your good team members around. Fortunately, you have the power

Managing Cash Flow - The Importance of AP

Cash is king. While this phrase has become one of the most worn-out clichés in the business world, it doesn't diminish the truth of the statement. A business is not a business without cash. Cash… Read More

Days Payable Outstanding – An Important AP Metric

Days payable outstanding (DPO) is a key metric, indicating how many days on average an organization takes to settle its payables. It is used in working capital management. A formula to calculate DPO… Read More

12 Ways to Wrap Up the Current Fiscal Year While Preparing for the New One

In most organizations, the financial operations department is faced with demanding and competing priorities for the last several months of the current fiscal year and the first couple months of the… Read More

AP Spotlight: A Passion for Process Improvement Fosters Career Growth

Recently, IOFM spoke with career Accounts Payable professional Angelina Mendez, B.S., who is Sr. Manager of Supplier Finance & Payment at the Fort Dearborn Company. Angelina's passion for… Read More

2020 AP Staffing Trends

IOFM’s recent 2020 Efficiency Benchmarks survey revealed significant changes in staffing in the year of COVID as compared to 2019. With fewer invoices to process, finance departments reacted by… Read More

Community Call: Government Organizations

On Monday, July 13th, from 12 p.m. to 1 p.m., IOFM conducted a Community Call with financial operations professionals in city, state, and federal government agencies. The Zoom call was moderated by… Read More

Community Call: High Invoice Volume Organizations

On Friday, June 5th, from 12 p.m. to 1 p.m., IOFM conducted a Community Call with Financial Operations professionals in the High Invoice Volume Sector. The Zoom call was moderated by IOFM's Executive… Read More