Accounts Payable Key Benchmarks: Petroleum/Chemicals Industry

Published On:
October 29, 2021
Authored By:
APQC
Members-Only Content:

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.