How do you stack up to your peers?

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. Start now by entering a few details below.

1. Your industry

2. Your ERP

3. Your annual invoice volume

Less than 10K
10K to 50K
50K to 100K
100K to 500K
More than 500K

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PO-based invoices
Non-PO / expense invoices

Touchless rate (%)

Automatic distribution rate (%)

100%
75%
50%
25%
0%

Invoice processing lead time (days)

100%
75%
50%
25%
0%

Invoice processing lead time (days)

Touchless rate (%): % Invoice processing lead time: days days Touchless rate (%): % Invoice processing lead time: days Touchless rate (%): % Invoice processing lead time: days Automatic distribution rate (%): % Invoice processing lead time: days Automatic distribution rate (%): % Invoice processing lead time: days Automatic distribution rate (%): % Invoice processing lead time: days

*Note that the industry average figures might not be adjusted to industry, size and ERP

Industries

ERP

Definitions - accounts payable process KPIs:

  • Touchless rate – the percentage of your invoices processed through a fully automated workflow with no user intervention at all, also referred to as automation level.
  • Automatic distribution rate – the percentage of your invoices that are automatically distributed to the correct approver within the organization by the accounts payable solution.
  • Invoice processing lead time – the number of days it takes for an invoice to be processed, from import into the accounts payable system to posting in the ERP.

Want to improve your KPIs?

Get your optimization efforts off the ground with these educational 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

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.

Download white paper
Watch now

Top 3 tips from best-in-class accounts payable organizations

Watch this webinar to discover key learnings from AP automation top performers and proven tactics to drive touchless invoice processing.

Watch now