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.
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Optimize AP efficiency with benchmarks
Increasing your accounts payable process 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), including our Touchless Ratio
- Compare automation performance levels against accurate, real-world benchmarks
- Drill down on detailed data to reveal AP process bottlenecks and identify areas for improvement
- Leverage best practice workflows and consult experts for continuous improvements
Analytics + benchmarks = AP transformation
With MediusFlow, you can measure and monitor key performance indicators (KPIs) that determine your accounts payable 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 accounts payable benchmarks for comparing your performance with average automation levels from similar companies – as well as with the leading performers.
With this data at hand you’re all set to drive AP process performance success and transform AP to a valuable center of intelligence. The numbers speak for themselves. MediusFlow customers achieve up to 97% fully touchless invoice processing, a 99% automatic distribution rate for expense invoices and an average processing lead time of less than 1 day. Want to join this community of AP experts? Contact us to book a personal demo.
Expert guidance
AP Automation is our singular and relentless focus. With MediusFlow, you not only gain powerful analytics tools. You also get access to a team of AP automation experts who help you apply best practice workflows and achieve a quick ROI from our system.
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 over 18 years experience from AP departments at over 3000 different companies.
Do you have the tools you need to transform AP from a back-office function to a powerful strategic center of business? 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.
Learn more
Get started optimizing your accounts payable efficiency KPIs with these informative resources.
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.
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.
Video: 10-min solution demo
Watch a full video demonstration of MediusFlow and discover the benefits of true accounts payable automation.