As a MediusFlow user you get access to powerful analytics tools that help you track your AP process efficiency on a number of key performance indicators (KPIs).
And since MediusFlow is a true cloud solution we can provide you with relevant benchmark figures based on real companies using the exact same process so that you can compare your performance with the average – and the leaders.
Benchmark sample: touchless AP invoice processing
At this moment our average customers see 69% of their invoices going through a fully touchless process – meaning they never touch or see these invoices – and the leader category boasts a touchless ratio of more than 90%!
Want to know how to get there?
Set your organization up for AP automation success
To succeed you need a combination of the right tools and a methodology for continuous improvement. In short, our methodology is based on the following steps:
- Measure and track the relevant KPIs
- Compare your performance with real life benchmarks
- Identify areas of improvement and set goals (our AP automation experts are happy to help)
- Work with internal and external stakeholders to fine-tune the process
- Repeat step 1-4 above and enter a cycle of continuous improvement
Not sure where to start? Don’t worry, our experienced team of AP automation experts will help you get on track and set relevant goals for your organization. Contact us to get started.
More benchmarking resources
Read blog post: Benchmark your way to invoice processing excellence