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.