Accounts Payable Key Benchmarks: Financial Services/Banking Industry

Published On:
October 29, 2021
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.