June 2024: Raising the Profile of AP and AR

If you ever feel as though your department is practically invisible, you’re certainly not alone. This is a common problem for a lot of financial professionals, whose roles are often characterized as “back office” jobs. This month’s Insider explores how to bring the contributions of accounts receivable and accounts payable team members into the view of upper management — thus helping staff get the recognition they deserve and allowing their voices to be heard.

This Month’s Quick Take: How to Tell If a Manager Is a Leader

The American Management Association offers this simple tip to help identify organizations with good leadership: If the employees are self-assured and outgoing, if they seem eager to take on more responsibility and offer their ideas, chances are their bosses are good managers. Leadership isn’t about how professionally we dress or how well we “talk the talk” — it’s about inspiring team members to really care about their jobs and instilling them with the self-confidence to share their thoughts for improving the organization.

Breaking Down Barriers

Getting your department greater visibility within an organization won’t happen by itself — it requires active communication by AR or AP leadership. In this article, we offer five tips for overcoming the obstacles that stand in the way. 

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Leaders Tell Their Stories

We asked some of IOFM’s Advisory Panelists to share their real-life experiences. Do they have a voice when it comes to making decisions, and what suggestions have they offered that have gotten the attention of upper management?

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FREE WEBINAR: Excellence in Accounts Payable

As businesses evolve, so do the demands on AP departments, requiring adept navigation of change and a strategic elevation of their profile within the organization. Join IOFM and Advisory Panelist, Gina Lipham, on June 10th for this free webinar on Leadership Excellence in the AP Realm!

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How to Increase Visibility

It’s not enough to be a capable and knowledgeable leader — it also requires a willingness to step up and speak out. AP Director Tiffany Miller discusses the key contributions accounts payable managers should be communicating up the chain. 

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MEMBER WEBINAR: Reviewing and Understanding the IRS Form W-9

IRS Form W-9 is the primary form used to solicit payee information your organization needs for Form 1099 tax information reporting compliance. Join IOFM and Cokala tomorrow June 6th for this Member-exclusive Live Compliance Webinar to learn about Form W-9 updates, regulatory requirements and best practices.

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