Measuring the Success of Accounts Payable: Tracking the Critical KPIs
The old adage is true: if you don’t measure it, you can’t improve it. Measuring success in accounts payable can be deceptively complex. Just because vendor invoices are getting paid doesn’t mean that your AP process is optimized for efficiency and value. Determining if your AP process is as successful as it could be requires monitoring some key performance indicators (KPIs), each uniquely weighted to reflect what matters most for your business.
This whitepaper highlights the importance of key accounts payable KPIs like:
- Accounts Payable Cost per Invoice
- Average time to Approve Invoice
- % Spend by Payment Methods
Please complete the form to download.
Knowing what questions to ask during the discovery process will make sure you understand all of the components that are essential to you.View Whitepaper
With accounts payable (AP) automation, the audit process becomes increasingly easier and less painful. This guide tells you how.View Whitepaper