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KPIs for Accounts Payable

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Efficiency of your accounts payable processes can easily be measured with the help of Key Performance Indicators (KPIs). Compare the values before and after AP automation and see the difference.

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KPIs for Accounts Payable

  1. 1. Efficiency of your accounts payable processes can easily be measured with the help of Key Performance Indicators (KP| s). Compare the values before and after AP automation and see the difference. 0 Total amount of outstanding invoices 0 Average invoice amount 0 Percentage of invoices needing dispute resolution 0 Percentage of captured discounts Process-Based Indicators 0 Percentage of duplicate/ erroneous payments 0 Time taken to process an invoice 0 Time taken to resolve an error 0 Number of invoices with errors 0 Average process cost per invoice Process-Based Indicators 0 Percentage of overdue invoices 0 Percentage of electronic invoices and payments Human-Related Indicators 0 Time taken to process an invoice per a full—time employee 0 Number of invoices processed by a full—time employee o Employees detaining the invoice approval process 0 Overworked employees 0 Percentage of invoice processing errors per employee Human-Related Indicators 0 Number of involved users Qt. Conterra Hnanclal Information Management Software for accounts payable automation www. orienge. com/ flm

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