Accounts Payable Key Benchmarks: Financial Services/Banking Industry

Published On:

April 16, 2024

Authored By:

APQC

Members-Only Content:

Prepared using APQC's Open Standards Benchmarking in accounts payable survey, this table highlights Accounts Payable and Expense Reimbursement (APER) key performance indicator (KPI) benchmarks for organizations in the financial services/banking industry.

Metrics provided include:

total cost to perform account payable per invoice processed,
percentage of disbursements that are first time error free,
cycle time from receipt of invoice until payment is transmitted, and more.

Type:

Data and Measures

Topics:

Finance and Accounting, Accounts Payable

Industries:

Financial Services/Banking

Available Tools:

APQC Process Classification Framework (PCF)

Assessments

Accounts Payable Key Benchmarks: Financial Services/Banking Industry

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