Total Cost to Process Accounts Payable per Invoice Processed

Published On:

August 09, 2024

Authored By:

APQC

Members-Only Content:

For some organizations, processing accounts payable (AP) is a time-consuming, detail-intensive endeavor. For others, it’s a quick and easy task. After reviewing APQC’s cross-industry data on the cost to process AP, this article breaks down some of the factors that account for the cost of the process, highlights strategies that help leading organizations to keep AP costs lower, and provides benchmarking guidance for how to arrive at a holistic picture of your organization’s performance on this measure.

Type:

Articles

Topics:

Finance and Accounting, Accounts Payable

Tags:

Key performance indicators (KPIs)

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