Increase your AP efficiency with benchmarks

Increasing your accounts payable efficiency requires the ability to identify and track complex factors that impact your AP workflow. That, in turn, requires robust technology.  

As a true cloud solution, MediusFlow offers powerful performance dashboards and unique benchmarking capabilities for continuous improvement of your AP process.

MediusFlow’s analytics tools allow you to:

  • Track key performance indicators (KPIs)
  • Compare automation levels against accurate, real-world benchmarks
  • Consult experts for ongoing improvement  

Analytics + benchmarks = powerful improvement

With MediusFlow, you can measure and monitor key performance indicators (KPIs) that determine your AP process efficiency. Important accounts payable benchmarks and metrics include your touchless ratio, total invoice processing lead times, and automatic distribution ratio. 

Because MediusFlow is a cloud-based platform, you also have access to consolidated data from hundreds of companies using the same standardized processes. This data provides a benchmark for comparing your performance with average automation levels from similar companies – as well as with the leading performers.  

Discover AP process benchmarks for your organization

Try out our AP Efficiency Benchmark Calculator to learn how similarly sized companies in your industry with the same ERP system perform on the most important accounts payable KPIs.

Accounts payable efficiency benchmarks
Benchmark against peers

Expert guidance

With MediusFlow, you not only gain powerful analytics tools. You also get access to a team of AP automation specialists who help you get the most benefit from them.  

Our experts assist you in setting up the reporting necessary for monitoring and fine-tuning the automation of your AP invoice processing. They also work with you to identify process bottle necks and areas in need of improvement with suggestions based on experience from AP departments at over 2000 different companies.  

Do you have the tools you need to achieve real AP efficiency? Check out our educational resources below to discover what the right KPIs and benchmarks can do for your business. Or contact us to set up a personalized demonstration.

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Learn more

Get started optimizing your accounts payable efficiency KPIs with these informative resources.

Go to blog post

Blog: Benchmark your way to invoice processing excellence

Read this blog post for a step-by-step guide on how to speed up your accounts payable process using KPIs and relevant benchmarks.

Go to blog post
Download white paper

White paper: The modern AP manager's automation toolbox

5 KPIs to monitor and optimize

Consider this white paper the field guide to optimizing your accounts payable operation including the top 5 KPIs that you should track when striving to reach best-in-class efficiency and automation.

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Demo video

Watch a full demonstration of MediusFlow and discover how easy and efficient invoice management can be for your AP team, your approvers and managers.

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