Institute of Financial Operations Enters Alliance with Industry Analyst Firm, Ardent Partners

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The newly re-branded Institute of Financial Operations (IFO) announced today its affiliation with Ardent Partners, the Boston-based research and advisory firm, to create professional development and educational offerings customized for procure-to-pay professionals. IFO and Ardent plan two initial premier events: CPO Rising 2011, a symposium for chief procurement officers, supply management and procure-to-pay leaders, and other procurement executives, on Sept. 21 and 22 in Orlando, Fla.; and a second, larger and more comprehensive educational opportunity in conjunction with IFO’s annual forum, Fusion 2012 in Nashville, Tenn.

As financial operations become more integrated across organizations rather than separate entities, the procure-to-pay process as a whole becomes an increasingly crucial component.

The newly re-branded Institute of Financial Operations (IFO) announced today its affiliation with Ardent Partners, the Boston-based research and advisory firm, to create professional development and educational offerings customized for procure-to-pay professionals.

“As financial operations become more integrated across organizations rather than separate entities, the procure-to-pay process as a whole becomes an increasingly crucial component,” explained Thomas M. Bohn, president and CEO of IFO. “This alliance with Ardent Partners is part of our critical strategy to provide leading-edge education and research to this quickly unfolding facet of financial operations.”

IFO’s comprehensive view of financial operations fits well with Ardent Partners’ focus. “We believe that an operating environment that values cash, profit margins, and risk mitigation is one that that plays to the primary skills and capabilities of a P2P operation,” said Andrew Bartolini, managing partner of Ardent Partners. “IFO has established itself as a premier association and we are excited to partner with it to deliver events, research, and other services for this growing and increasingly vital market.”

IFO and Ardent initiate their alliance today with the announcement of two premier events: CPO Rising 2011, a symposium for chief procurement officers, supply management and procure-to-pay leaders, and other procurement executives, on Sept. 21 and 22 in Orlando, Fla.; and a second, larger and more comprehensive educational opportunity in conjunction with IFO’s annual forum, Fusion 2012 in Nashville, Tenn.

IFO is a membership association for professionals in all areas of financial operations, with a particular focus on accounts payable, accounts receivable, automation, data capture, document management, and procure-to-pay. It was created through the roll-up of International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP), and The Association for Work Process Improvement (TAWPI).

Ardent Partners, Supply Management Experts™, is a leading research and advisory firm focused on defining, advancing, and promoting the supply management strategies, processes, and technologies that drive business value and accelerate organizational transformation within the enterprise.

Additional details regarding the events and alliance will be posted at http://www.financialops.org and http://www.cporising.com as they become available.

About The Institute of Financial Operations

The Institute of Financial Operations is a membership association comprising four affiliates: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP), and The Association for Work Process Improvement (TAWPI).

Based in Orlando, Fla., with offices in Boston, New York, and London, the Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations, with a particular focus on accounts payable, accounts receivable and payments, automation, data capture and document management, and procure-to-pay. Combined, the affiliates have more than 6,000 members.

Under the Institute, the affiliates share one board of directors, one staff, and a single portfolio of member benefits available to all, including Financial Operations Matters magazine and a new website scheduled to launch in late 2011. Each affiliate maintains its own brand, events, career resources, volunteer opportunities, online tools and other leading-edge resources, and educational offerings including e-learning and certification.

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