Mission & Vision

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

The days of AP merely processing transactions are over. The AP department of today will survive only if it becomes the most efficient and effective operation it can be. To do that, the AP manager… Read More

Over the past year, the pandemic transformed Accounts Payable practices, procedures, workplaces, interactions, and team relationships. Yet despite numerous challenges, Accounts Payable survived and… Read More

 Phase #2: Standardize and Specify How the Work Gets Done

Step 3: Standardize Roles and Responsibilities

Identifying how the process should run, and by whom, is crucial to driving improvements

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By Pam Miller, APMD - In many organizations, AP is a microcosm of the entire organization. It is a mini IT department, a mini compliance department, a mini tax department, a mini purchasing… Read More

While there are many opportunities to conserve cash within an organization, our question this month focuses on AP’s role in cash conservation. IOFM asked members of the network: In what ways can… Read More

A chilling observation from Disaster Recovery Planning (disaster-recovery-planning.org) reveals that “a company that is denied access to mission-critical data for more than 48 hours will be out of

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By Wayne Smith An organization's debt management strategy should be linked closely to its cash management strategy. The amount of short-term debt a company can manage is a function of projected cash

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