Strategic Management

According to Jean Leslie, a researcher at the Center for Creative Leadership (CCL), “Building relationships is one of the strongest skills sets related to AP leadership effectiveness.”

In a comprehensive research study undertaken by CCL, more than two-thirds of the 400,000 respondents revealed that building and maintaining relationships is a critical competency for managers—AP managers included.

Basic Tenets of a Leadership… Read More

When AP departments are able to process payments quickly and accurately, they not only keep management and vendors happy, they can also garner valuable discounts from their vendors by paying early. At its most basic level, an early payment discount is a set of payment terms that suppliers offer to buyers for paying invoices… Read More

What is a "Top Gun" financial operations team? It is a cohesive group of well-trained and efficient financial operations professionals headed by a manager who has exemplary collaboration and leadership skills. 

There are three behaviors that build Top Gun teams, says Chris Doxey, IOFM trainer and speaker:

  1. Leadership 
  2. Communication
  3. Teamwork

Here is a closer look at each of these… Read More

When Sebastian E. Bodden, APM, received notice that he had been chosen as an IOFM Accounts Payable Manager of the Year for 2015, he could barely believe his eyes. “I was very excited and had to pinch myself to make sure I was processing what I read correctly!” Bodden recalls. One of two AP… Read More

AP is often regarded as a “cost center.” However, effective cost control and reduction can turn an AP department from a cost center to a profit center, according to Kim Lang, Supervisor, Corporate Accounts Payable, at CHS Inc. (Inver Grove Heights, MN). CHS Inc. is a global Fortune 100 Company and is the largest… Read More

As accounts payable managers free their time through automation and integrated systems, the AP manager’s function is transforming from one of “sweating the details” to delivering value-added information and analytics. “AP will increasingly be analyzing data and presenting more detailed financial reports,” says CFO Keith Perry. “It’s important to begin looking beyond the numbers… Read More

By Pam Miller, APMD Overcome Resistance With Knowledge Anyone who advocates for automation in AP is likely to meet resistance, since AP tends to be conservative, paper-based, manual, and subject to multiple controls imposed by many authorities. Tip: Overcome objections by gaining a deep understanding of your current process and a knowledge of the… Read More

If you are not yet performing AP spend analysis at your organization—or are still testing the waters—it may be time to gain a better understanding of this untapped and valuable resource. “Since AP is the repository of virtually all of the organization’s spend data, developing an understanding of both historical and current spend data… Read More

"Accounts payable is in transition," says Tom Glassanos, founder and president, Bavelos Group. "AP managers have always been focused on costs, but they now need to focus on cash and income as well. Like a caterpillar becoming a butterfly, AP is emerging as the purveyor of tools and practices that drive substantial financial and… Read More

When Candice Klapp first started working for Teck Coal in Sparwood, British Columbia, Canada as an AP clerk, the accounts payable function was scattered among the main office and various mining sites and satellite offices. “AP was not a shared service, and we did not have an automated workflow,” Klapp explains. “When an invoice had to… Read More

Benchmarks, best practices, and the keys to compliance — all at your fingertips 24/7.

Members of the AP & P2P Network have anytime access to hundreds of tools, templates, policies, checklists and calculators for every area of AP & P2P — plus exclusive benchmarking metrics, critical compliance updates and much more. In short, they’ve discovered that membership keeps them working smarter, not harder.

Support

Answers to your tough questions

Online Training

Educational resources to boost your career

Networking

Connect with your peers in AP & P2P

Tools

Time-saving templates, calculators, checklists and more

Keeping Ahead

The latest research and trends

Information

Critical compliance updates and deadlines

Benchmarking

Exclusive research and metrics to guide you and your team

Time & Money

Save time and avoid costly penalties