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.