Association for Financial Operations Reveals Key Strategies

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Newly created opportunities to further the goals of financial operations professions were announced by The Institute of Financial Operations at the annual Fusion conference.

The Institute of Financial Operations Foundation ... allows sponsoring businesses and individuals to provide tax-deductible donations — both restricted and unrestricted — for IFO’s research and educational initiative

Two groundbreaking changes to the structure and key benefits of The Institute of Financial Operations were announced by Executive Director Jo LaBorde at the opening session of the annual conference, Fusion 2013, at Disney’s Coronado Springs in Orlando, Fla.

“I am delighted to announce the establishment of The Institute of Financial Operations Foundation, a 501(c)3 charitable organization that allows sponsoring businesses and individuals to provide tax-deductible donations — both restricted and unrestricted — for IFO’s research and educational initiatives,” LaBorde said.

The foundation allows IFO to receive donations from sponsoring organizations in the form of charitable grants, which are generally approved through those organizations’ HR departments — or their own foundations — rather than as part of an AP or AR department’s operating budget. The foundation will give IFO access to greater potential financing for educational initiatives than was ever available before.

The second announcement was a new program made possible by the foundation.

“I am very pleased to announce The Financial Operations Leadership Academy, a comprehensive training, networking, and leadership development program jointly produced by top leaders from the financial operations profession and Northeastern University faculty designed uniquely for the most promising up-and-coming professionals in our field whose organizations wish to help them prepare for leadership opportunities,” LaBorde said.

This nine-month program, the first session of which will begin in September, will combine existing IFO offerings with a series of innovative learning experiences offered exclusively to Academy participants. It will encompass the complete financial operations ecosystem, providing participants with multi-disciplinary education with a focus on every area of financial operations.

For more information on applications, tuition, scholarship opportunities, and a course curriculum, visit

About The Institute of Financial Operations

The Institute of Financial Operations is a membership-based professional association serving the entire financial operations ecosystem, with a particular focus on the accounts payable and accounts receivable disciplines and the related fields of information management and data capture. The Institute grew out of the merger of four associations: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing and Payables (NAPP), and The Association for Work Process Improvement (TAWPI).

Based in Orlando, Fla., with affiliates in the U.S., Canada, and the UK, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations. The Institute has a community of nearly 70,000, which includes 9,000 members and customers, and an additional 61,000 financial operations professionals.

The Institute’s members have access to benefits and leading-edge resources such as the award-winning Financial Ops magazine, a dynamic, content-rich website, educational and networking events, online educational offerings, certification and certificate programs, career resources, and volunteer opportunities.

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