For CFOs, metrics are a top priority. They’re the driving force that helps them to focus and optimise sales and revenue and generally keep the business moving towards similar strategic goals. However, accounts payable (AP) operations oftentimes get overlooked when it comes to examining metrics even though this information has a direct effect on working capital, the cost and effectiveness of the procure-to-pay (P2P) process, and supplier relationships.
Download our whitepaper and learn why and how to measure AP metrics including:
PO-based invoice volumes
Paper vs. electronic invoice amounts
Average cost per invoice
Number of supplier inquiries
Late payment percentages