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Tracking Accounts Payable Metrics That Matter

Category: Blog   |   Tags: , ,

Many AP Departments still struggle with manual invoice processing and feel the impact of inefficient paper-based processes. Specifically, they lack visibility to track metrics and determine how to benchmark themselves relative to higher performers in their industry. As written in “metric of the month” at CFO.com, the importance of accounts payable process costs becomes clear: There’s a large gap between top performers and those companies that are spending the most to process accounts payable. Benchmarking surveys help CFOs to understand how their various finance processes compare to other organizations in terms of cost-efficiency, labor productivity, activity speed, and error rates.  Understanding metrics … Continue reading