Accounts Payable Key Benchmarks: Petroleum/Chemicals Industry
Prepared using data from APQC’s Open Standards Benchmarking accounts Payable survey, this table highlights financial management key performance indicator (KPI) benchmarks for organizations in the petroleum/chemicals industry.
Metrics provided include:
- total cost to perform account payable per invoice processed,
- percentage of disbursements that are first time error free,
- days payable outstanding, and more.