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Latest IOFM Data
Q. I have some questions around metrics for “invoices paid late.”
From an AP benchmarking… Read More
2023 Benchmarking Report: Automation Trends -
The third and final report of our 2023 series explores automation, which continues to be a dominant narrative in the financial operations industry. How… Read More
2023 Benchmarking Report: Accounts Payable Performance -
Accounts payable performance can be assessed in a number of ways. On the one hand, there are successes — paid on time metrics, DPO,… Read More
2023 Benchmarking Report: Benchmarking Overview -
While every organization is different, understanding how well similar departments perform will help you plan your own unique path to process… Read More
Q. I have been tasked by senior management to find benchmarking for various KPIs, including paid on… Read More
Most AP staff are working longer hours because invoice volume continues to climb – leading to burnout and a potential rise in resignations. That’s the takeaway of two surveys recently
… Read MoreA benchmarking survey by IOFM indicates that overall, more than half of the vendors in respondents’ vendor master files are inactive.
While organizations with better vendor master file hygiene… Read More
Key takeaways from IOFM’s latest quarterly benchmarking survey conducted in early October 2021:
AP teams remain swamped with invoices.
For the second consecutive quarter, two in three AP teams… Read More
Q. What is the percentage of PO discrepancies that an AP department typically has? Is there any… Read More
Q. Are there any benchmarking reports you can share related to the number of FTEs in an accounts… Read More
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