Accounts Payable Key Benchmarks: Insurance Industry

Published On:
April 16, 2024
Authored By:
APQC
Members-Only Content:

Prepared using data from APQC’s Open Standards Benchmarking in accounts payable, this table highlights financial management key performance indicator (KPI) benchmarks for organizations in the insurance 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.