The Average Time to Approve an Invoice from Receipt to Payment

We are half-way through our 8 part series entitled “What Gets Measured, Gets Improved.” In this series we are discussing 8 KPI’s in the Accounting / Finance world in order to get clear measurements of what’s going on now in order to move forward with any strategic initiative…like AP automation.

Let’s summarize 1 – 3:

1. Number of Invoices Processed Per Person / Per ...

Exception Invoices as a Percentage of Total Invoices

Our 8 part series discusses the importance of identifying Key Performance Indicators in Accounts Payable.  But why this topic? We address this topic because after all, “What Gets measured Gets Improved.”

However, oftentimes we get so hung up on metrics and measuring things to the point that we sometimes lose track of measuring what really matters.  There’s another saying, “Not everything that counts can be counted, ...

8 Key Performance Indicators in Accounts Payable

We recently began a series entitled “What Gets Measured Gets Improved.” We discussed the importance of metrics or Key Performance Indicators in order to make improvements—actual, tangible improvements. In fact, the accounts payable process is no different. We started our series by listing the 1^st KPI in the Accounting/Finance world: Number of Invoices Per Person / Per Day. In ...

8 Key Performance Indicators in Accounts Payable

There’s an old saying, “What gets measured gets done,” or as many of you have heard, “what gets measured gets Improved.” Oftentimes we get so hung up on metrics and measuring things to the point that we sometimes lose track of measuring what really matters; however, we should be very careful about what gets measured. This reminds me of another old saying, “Not everything that counts ...

Did You Know?

Did you know that a typical 10,000 employee company handles more than one million employee-related transactions a year at a cost of between $10 and $50 per transaction?

Source: ASUG/SAP Benchmark Study, “Human Capital Management: How Top Organizations Drive Company Profits Efficiently”

Let’s look at a very common scenario in the retail industry:

Let’s take a very common scenario in the retail industry: a local store manager compiles and mails his ...