Cycle time in hours to enter invoice data into the system

This measure calculates the number of hours it takes to enter invoice data into the accounts payable/invoicing system. It is a Cycle Time measure that helps companies analyze the duration of the "process accounts payable (AP)" process from beginning to end.

Benchmark Data

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Measure Category:
Cycle Time
Measure Id:
100636
Total Sample Size:
2,036 All Companies
Performers:
25th
Median
75th
Key Performance
Indicator:
Yes

Compute this Measure

Units for this measure are hours.

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Cycle time in hours from the receipt of an invoice to its entry into the accounts payable/invoicing system

Key Terms

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Cycle Time

Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.

Median

The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.

Measure Scope

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Cross Industry (7.3.0)

  • 9.6.1.1 - Verify AP pay file with purchase order vendor master file (10869)
  • 9.6.1.2 - Maintain/Manage electronic commerce (10870)
  • 9.6.1.3 - Audit invoices and key data in AP system (10871)
  • 9.6.1.4 - Approve payments (10872)
  • 9.6.1.5 - Process financial accruals and reversals (10873)
  • 9.6.1.6 - Process payables taxes (10874)
  • 9.6.1.7 - Research/Resolve payable exceptions (10875)
  • 9.6.1.8 - Process payments (10876)
  • 9.6.1.9 - Respond to AP inquiries (10877)
  • 9.6.1.10 - Retain records (10878)
  • 9.6.1.11 - Adjust accounting records (10879)