What the report reveals
How is your AP department performing? How does your operation compare to others? Answering these questions is an important part of understanding your Accounts Payable function. When you identify metrics like what it costs and how long it takes to process a single invoice and benchmark those numbers to leading AP organizations, you can uncover what’s stopping your company from achieving true AP mastery.
Chapter Three of The State of ePayables 2024: Money Never Sleeps breaks down key performance metrics for both average AP organizations and Best-in-Class AP departments. This chapter also reveals the distinguishing characteristics and strategies that set top-performing AP teams apart from the rest.