AP KPIs
Are you average or best-in-class?
Ardent Partners’ report gives powerful insight into accounts payable and its continuing evolution.
Also included is a respected benchmark analysis of KPIs in AP.
Let’s cut to the chase and show you the metrics:
Access the full Ardent Report
Invoice processing cost
$9.87
$2.81
Invoice processing time
10.1 days
3.4 days
Straight through processing rate
20.7%
11.1%
Invoice exception rate
32.4%
48.9%
Other content covered by the report:
- AP’s rising star: AP departments are increasingly recognised for their strategic value. Are you among the high percentage perceived as “very” or “exceptionally” valuable by stakeholders?
- The age of AP innovation has begun: Technological advancements like AI and data analytics offer AP departments a chance to streamline processes, reduce costs, and deliver greater value.
- Smarter future starts now: Improving reporting and data analytics remains a top priority for AP leaders, enabling better decision-making and informed planning. Are you leveraging your data to stay ahead of the competition?
- A more strategic agenda: Is your AP department digitally transformed? Beyond improved reporting, AP leaders prioritise enabling electronic invoicing, automation, eliminating paper tasks, and reducing processing costs.
Download to read the full report.
The value of AP automation goes beyond cost savings
The key benefits of payables automation include not just transactional cost savings. The right platform will improve collaboration with your suppliers and help build resilience in your supply chain. Companies also need flexibility to scale and grow. AP solutions like Tradeshift, represent a platform that encourages you to grow at your own pace.
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