Four Key Metrics to Help Finance Leaders Manage AP Goals
Today’s AP managers are required to juggle multiple, conflicting goals:
Pay bills quickly to prevent penalties and capture early-pay discounts
Reduce payment processing costs
Reduce time spent processing documents
And do it all without adding staff.
How do you know if you’re being effective at managing these goals? And as you make improvements, how much better should you be doing?
Join IOFM Executive Editor Jess Scheer and Yooz AP automation specialists as they address those questions by providing benchmarks according to peer groups, for four key metrics:
1. Paid-on-Time Rates
2. Cost per Invoice
3. Number of Invoices processed per FTE
4. Ratio of Staff to Manager
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