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accounts payable benchmarking
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Created
Jan 19, 2022
by Keith
Last edited
Feb 1, 2022
Blog - Lead Magnet 2
Term used
Importance
Unused
Heading
benchmarking
accounts payable
automation
metrics
kpis
invoice processing
ap process
cycle time
workflow
procurement
early payment discounts
number of invoices
ap automation
ap departments
payable process
discrepancies
process automation
ap performance
key performance indicators
payable department
payable benchmarks
processing costs
real-time
process improvements
ap benchmarks
webinar
single invoice
duplicate payments
ap operations
cash flow
average cost
ap function
high-performing
ap team
optimization
apqc
iofm
non-po
accounts payable automation
bottom line
invoice volume
supplier relationships
invoice cycle times
automation solutions
days payable
per fte
streamline
late payments
industry benchmarks
payable performance
Your working draft
www.ssonetwork.com/rpa/editorials/why-benchmarking-accounts-payables-ap-helps-your-business-succeed
#1 desktop
www.google.com/amp/s/www.ssonetwork.com/rpa/editorials/why-benchmarking-accounts-payables-ap-helps-your-business-succeed/amp
#1 mobile
www.apqc.org/resource-library/resource-collection/understanding-accounts-payable-benchmarks-and-best-practices
#2 desktop
www.basware.com/en-us/blog/december-2020/7-accounts-payable-metrics-that-will-grab-your-ceo/
#3 desktop
www.apqc.org/resource-library/resource-collection/accounts-payable-key-benchmarks
#3 mobile
www.proactis.com/us/resources/learn/accounts-payable-benchmarking-your-kpis/
#4 desktop
www.ascendsoftware.com/blog/accounts-payable-performance
#5 desktop
www.concur.com/newsroom/article/what-are-industry-benchmarks-for-accounts-payable-efficiency
#6 desktop
www.google.com/amp/s/www.ascendsoftware.com/blog/accounts-payable-performance%3Fhs_amp=true
#6 mobile
www.certify.com/2017-09-27-Understanding-Key-Performance-Benchmarks-for-Accounts-Payable-Invoice-Processing
#7 desktop
www.iofm.com/ap/benchmarking
#8 desktop
easyaccessap.com/accounts-payable-benchmarks-best-practices/
#9 desktop
www.auxis.com/blog/accounts-payable-key-performance-metrics-are-you-a-top-performer
#10 desktop
opsdog.com/resources/5-common-accounts-payable-kpis-to-track/
#11 desktop
www.google.com/amp/s/www.auxis.com/blog/accounts-payable-key-performance-metrics-are-you-a-top-performer%3Fhs_amp=true
#11 mobile
rpmgresearch.net/Products-View/product_id=89
#12 desktop
xelix.com/the-10-accounts-payable-metrics-you-need-to-track-in-2021/
#12 mobile
www.zycus.com/blog/e-invoicing/shows-senior-management-the-money-part-4-of-5-benchmarking-ap-operations.html
#15 desktop
www.cfodailynews.com/articles/ap-benchmarks-2021/
#16 desktop
www.getyooz.com/blog/how-tomeasure-accounts-payable-performance
#17 desktop
www.google.com/amp/s/www.getyooz.com/blog/how-tomeasure-accounts-payable-performance%3Fhs_amp=true
#17 mobile
www.medius.com/us/blog/top-5-most-useful-ap-kpis/
#18 desktop
www.medius.com/blog/top-5-most-useful-ap-kpis/
#18 mobile
www.softworksai.com/how-to-create-accounts-payable-benchmarks/
#19 desktop
www.thehackettgroup.com/working-capital-management/accounts-payable/
#19 mobile
www.stampli.com/blog/invoice-processing/invoice-process-benchmarks/
#20 desktop
cdn.brandfolder.io/DEX9HZEN/as/pjo0eh-a57l9s-3k77wr/AP_Benchmarks_DE.pdf
#22 desktop
www.nvoicepay.com/resources/documents/benchmarking-accounts-payable/
#23 desktop
inspyrus.com/trending/accountspayablecosts/
#24 desktop
www.roberthalf.com/research-and-insights/workplace-research/benchmarking-the-accounting-and-finance-function
#25 desktop
www.peeriosity.com/shared-services/siteimages/Peeriosity%20Accounts%20Payable%20Benchmarking%20Instructions.pdf
#26 desktop
www.netsuite.com/portal/resource/articles/accounting/accounts-payable-kpis.shtml
#27 desktop
www.slideshare.net/EskerInc/webinar-recording-accounts-payable-benchmarking-your-kpis-against-top-industry-metrics
#28 desktop
www.prgx.com/wp-content/uploads/2019/02/Ardent-Partners-AP-Metrics-that-Matter-eBook-PRGX-FINALa.pdf
#29 desktop
clearlawinstitute.com/ce/shop/webinars/on-demand-webinars/benchmarking-your-accounts-payable-function-041520/
#30 desktop
benchmarking
H
Typical: 3–7
accounts payable
H
Typical: 5–15
automation
H
Typical: 3–9
metrics
H
Typical: 3–7
kpis
Typical: 1–3
invoice processing
Typical: 1–3
ap process
Typical: 2–6
cycle time
Typical: 1–2
workflow
Typical: 1–3
procurement
Typical: 1–2
early payment discounts
Typical: 1–2
number of invoices
Typical: 1–3
ap automation
Typical: 1–3
ap departments
Typical: 2–4
payable process
Typical: 1–3
discrepancies
Typical: 1–2
process automation
Typical: 1–2
ap performance
Typical: 2–4
key performance indicators
Typical: 1–2
payable department
Typical: 1–2
payable benchmarks
H
Typical: 1–2
processing costs
Typical: 1–2
real-time
Typical: 1–2
process improvements
Typical: 1–2
ap benchmarks
Typical: 1–2
webinar
Typical: 1–2
single invoice
Typical: 1–3
duplicate payments
Typical: 1–2
ap operations
Typical: 1–2
cash flow
Typical: 1–2
average cost
Typical: 1–2
ap function
Typical: 1–2
high-performing
Typical: 1–2
ap team
Typical: 2–4
optimization
Typical: 1–2
apqc
Typical: 4–10
iofm
Typical: 1–2
non-po
Typical: 1–2
accounts payable automation
Typical: 1–3
bottom line
Typical: 1–2
invoice volume
Typical: 1–2
supplier relationships
Typical: 1–2
invoice cycle times
Typical: 1–2
automation solutions
Typical: 1–3
days payable
Typical: 1–2
per fte
Typical: 1–3
streamline
Typical: 1–2
late payments
Typical: 1–3
industry benchmarks
Typical: 1–2
payable performance
Typical: 1–2
benchmarking
benchmarks, benchmark
Importance:
10
/10
Heading presence:
High
Typical uses:
3–7
Current uses:
14
Examples
accounts payable
accounts payables, accounts-payable, a c c o u n t s p aya b l e
Importance:
10
/10
Heading presence:
High
Typical uses:
5–15
Current uses:
23
Examples
automation
automate, automations, automates
Importance:
8
/10
Heading presence:
Low
Typical uses:
3–9
Current uses:
9
Examples
metrics
metric
Importance:
7
/10
Heading presence:
Low
Typical uses:
3–7
Current uses:
11
Examples
kpis
kpi
Importance:
5
/10
Typical uses:
1–3
Current uses:
6
Examples
invoice processing
invoice process, invoice-processing
Importance:
5
/10
Typical uses:
1–3
Current uses:
8
Examples
ap process
ap processes, ap processing
Importance:
4
/10
Typical uses:
2–6
Current uses:
4
Examples
cycle time
cycle times
Importance:
4
/10
Typical uses:
1–2
Current uses:
1
Examples
workflow
workflows
Importance:
4
/10
Typical uses:
1–3
Current uses:
4
Examples
procurement
procure
Importance:
4
/10
Typical uses:
1–2
Current uses:
2
Examples
early payment discounts
early payment discount, early-payment discounts
Importance:
4
/10
Typical uses:
1–2
Current uses:
3
Examples
number of invoices
Importance:
4
/10
Typical uses:
1–3
Current uses:
3
Examples
ap automation
Importance:
3
/10
Typical uses:
1–3
Current uses:
1
Examples
ap departments
ap department
Importance:
3
/10
Typical uses:
2–4
Current uses:
1
Examples
payable process
payable processes
Importance:
3
/10
Typical uses:
1–3
Current uses:
4
Examples
discrepancies
discrepancy
Importance:
3
/10
Typical uses:
1–2
Current uses:
3
Examples
process automation
Importance:
3
/10
Typical uses:
1–2
Current uses:
1
Examples
ap performance
Importance:
3
/10
Typical uses:
2–4
Current uses:
1
Examples
key performance indicators
key performance indicator
Importance:
3
/10
Typical uses:
1–2
Current uses:
2
Examples
payable department
payable departments
Importance:
3
/10
Typical uses:
1–2
Current uses:
1
Examples
payable benchmarks
payable benchmarking, payable benchmark
Importance:
3
/10
Heading presence:
Low
Typical uses:
1–2
Current uses:
4
Examples
processing costs
processing cost, process costs, process cost
Importance:
2
/10
Typical uses:
1–2
Current uses:
1
Examples
real-time
Importance:
2
/10
Typical uses:
1–2
Current uses:
-
Examples
process improvements
process improvement
Importance:
2
/10
Typical uses:
1–2
Current uses:
1
Examples
ap benchmarks
ap-benchmarking, ap benchmarking, a/p benchmarks
Importance:
2
/10
Typical uses:
1–2
Current uses:
2
Examples
webinar
webinars
Importance:
2
/10
Typical uses:
1–2
Current uses:
-
Examples
single invoice
Importance:
2
/10
Typical uses:
1–3
Current uses:
-
Examples
duplicate payments
duplicate payment
Importance:
2
/10
Typical uses:
1–2
Current uses:
1
Examples
ap operations
Importance:
2
/10
Typical uses:
1–2
Current uses:
2
Examples
cash flow
cashflow
Importance:
2
/10
Typical uses:
1–2
Current uses:
1
Examples
average cost
Importance:
2
/10
Typical uses:
1–2
Current uses:
2
Examples
ap function
ap functions
Importance:
2
/10
Typical uses:
1–2
Current uses:
2
Examples
high-performing
high performing, high performers
Importance:
2
/10
Typical uses:
1–2
Current uses:
-
Examples
ap team
ap teams, a/p team
Importance:
2
/10
Typical uses:
2–4
Current uses:
9
Examples
optimization
optimizing
Importance:
2
/10
Typical uses:
1–2
Current uses:
1
Examples
apqc
Importance:
2
/10
Typical uses:
4–10
Current uses:
3
Examples
iofm
Importance:
2
/10
Typical uses:
1–2
Current uses:
-
Examples
non-po
Importance:
2
/10
Typical uses:
1–2
Current uses:
1
Examples
accounts payable automation
Importance:
2
/10
Typical uses:
1–3
Current uses:
2
Examples
bottom line
bottom-line
Importance:
2
/10
Typical uses:
1–2
Current uses:
-
Examples
invoice volume
invoice volumes
Importance:
2
/10
Typical uses:
1–2
Current uses:
-
Examples
supplier relationships
supplier relationship
Importance:
2
/10
Typical uses:
1–2
Current uses:
1
Examples
invoice cycle times
invoice cycle time
Importance:
2
/10
Typical uses:
1–2
Current uses:
1
Examples
automation solutions
automation solution
Importance:
2
/10
Typical uses:
1–3
Current uses:
-
Examples
days payable
days payables
Importance:
2
/10
Typical uses:
1–2
Current uses:
-
Examples
per fte
Importance:
2
/10
Typical uses:
1–3
Current uses:
4
Examples
streamline
Importance:
2
/10
Typical uses:
1–2
Current uses:
-
Examples
late payments
late payment
Importance:
2
/10
Typical uses:
1–3
Current uses:
-
Examples
industry benchmarks
industry benchmark
Importance:
2
/10
Typical uses:
1–2
Current uses:
-
Examples
payable performance
Importance:
2
/10
Typical uses:
1–2
Current uses:
-
Examples