Understanding Accounts Payable Benchmarks and Best Practices

Last updated:

August 24, 2022

Authored By:

APQC

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This collection features data and practices from APQC's Open Standards Benchmarking survey for Accounts Payable and Expense Reimbursement. It includes an interactive dashboard to track real-time performance against the KPIs, articles explaining the KPIs, best-practices, and industry benchmarks and practices.

Type:

Collections

Topics:

Finance and Accounting, Accounts Payable

Available Tools:

APQC Process Classification Framework (PCF)

Assessments

Understanding Accounts Payable Benchmarks and Best Practices

Included in this Collection

Tracking the Right AP Benchmarks

Cycle Time to Approve and Schedule a Payment for Accounts Payable

Using Electronic Invoice-Matching Systems to Automate Accounts Payable

The Payoff of Electronic Payables Processing

Invoice Processing and Greater Productivity

Interactive Accounts Payable Tune-Up Diagnostic

Labor Remains the Largest Driver of AP Process Cost

Total Cost to Process Accounts Payable per Invoice Processed

How Prevalent Is Manual Invoice Processing?

Unpacking Days Payable Outstanding

Identifying and Eliminating Duplicate or Erroneous Payments in Accounts Payable

Robotic Process Automation in Accounts Payable

Benchmarking and Improving Your Accounts Payable Processes

Benchmarking and Improving Your Accounts Payable Processes

Four Financial KPIs that Should be on Every CFO's Dashboard

How Many AP Employees are Needed?

Invoice Resolution Shouldn't Take a Week

Cycle Time in Days to Resolve an Invoice Error

Transforming Accounts Payable: Q&A with Medius

Improving Accounts Payable Benchmarking and Processes at Pacific Gas & Electric Company

Percentage of Duplicate Disbursements Processed

Detect and Prevent Duplicate or Erroneous Payments

Boost AP Employee Capacity and Get a "Trickle Up" Effect

Total Cost to Perform the Process "Process Expense Reimbursements" per T&E Disbursement

Total Cost to Perform the Process "Process Expense Reimbursements" per T&E Disbursement

Accounts Payable Key Benchmarks

Accounts Payable Practices Reports