IOMA Accounts Payable Consultants
- Experienced
- Accomplished
- Professional
- Affordable
Cleaning and Managing your Master Vendor File is the FIRST STEP to streamlining your accounts payable department. IOMA can uniquely help.
A poorly constructed or maintained Master Vendor file can trigger:
- significant IRS penalties
- costly duplicate payments
- unclaimed property headaches
- employee and vendor fraud, and
- lost profits
EVERY organization is somewhere on the paperless continuum that goes from totally manual paper processing to a totally paperless processing, automated workflow. IOMA can help you identify the proper path, and we can help you resolve pain points along the way. It's not as hard as you may think, especially if you have expert help, and many companies are 90% paperless (or better) now! Let IOMA help you get there!
- save considerable dollars verses paper invoice processing
- save processing time
- take more discounts and earn hefty returns
- rid your department of paper!
- Do you pass paper around the office?
- Are approvals difficult to capture in a timely way?
- Does the manual matching of P.O.’s to invoices seem archaic to you?
- Are non-P.O. invoices causing you nightmares?
- Does your basic document retention policy simply call for the purchase of more filing cabinets?
- Would you like to call up an old invoice and the associated documents electronically?
IOMA can help you get there!
- save time
- save filing space
- have easy access to your data/documents
- remain in compliance with SOX control requirements
Looking for a solution to domestic and overseas payments? Do you worry about the lack of security in mailing checks? Would you like to reduce or eliminate "where's my check" telephone calls with a payment tracking process?
- save money
- save time
- track payments
- ensure piece of mind
- Is going paperless your goal?
- Do you have a purchasing card (p-card) program?
If not, did you know that 80% of the invoices a company processes accounts for only 20% of the spend? But, it costs the same to process a $100 invoice as it does a $10, 000 invoice. You can reduce the number of invoices you process by putting the small spends on a p-card. Then send one payment to the p-card provider for all those little items. IOMA can evaluate your need for a p-card program or expand an existing program.
- save money
- save time
- learn about spend analysis and expanding your p-card program
You have made duplicate payments. There may well be fraudulent activities affecting your bottomline right now. IOMA consultants can search through your transactions, spot the problem areas, recommend alternative fixes, and recovery funds that are rightfully yours...funds which flow directly to the bottom line (why do you think they call it profit recovery?). What's more, if our auditors/consultants don't find anything, it costs you nothing. The fees are only a small percentage of the recovery. Why wouldn’t every organization take advantage of this?
Procure-to-Pay Process Review (Coming Soon)
For more information on any of IOMA's Advisory Services, contact Perry Patterson
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