Labor Remains the Largest Driver of AP Process Cost

Published On:

April 19, 2022

Authored By:

APQC

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Cost categories provide a fine-grained view of process spending that leaders can use to identify potential savings or improvement opportunities more easily. In this article, APQC examines cross-industry data on the personnel costs to carry out the accounts payable (AP) process and highlights automation and shared services as strategies that leading companies use to bring these costs down.

Type:

Articles

Topics:

Finance and Accounting, Accounts Payable

Tags:

Key performance indicators (KPIs)

Available Tools:

APQC Process Classification Framework (PCF)

Assessments

Labor Remains the Largest Driver of AP Process Cost

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