For many years, IACUBO’s existence meant that business officers from across Indiana met twice a year to discuss solutions to common problems. Officers usually rotated among participating campuses to engage in one-day meetings focused on "hot" topics of the day. Speakers were often group members or experts from a participating college or university.

In the late 1980s, attendance began to decrease, indicating it was time for a change in the direction of the organization. The leaders elected for 1987-88 polled business officers across the state and discovered a need for continuity within IACUBO in addition to improved programming to better meet the needs of business officers and their staff.

In an effort to revitalize IACUBO, officers initiated planning processes, and new faces were invited to participate. An organizational structure mirroring CACUBO was created to help provide continuity of leadership, and programming was improved by bringing in regional and national speakers. At this time, sponsorships were added to help offset the cost of new programming. An inaugural meeting with changes in place was held in the fall of 1989.