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Benchmarking - Measure your AP Performance
Before you make any changes to your processes, it’s crucial to know how your performance compares to your peers. The content in this section includes both measurement process and principles -- why measure, what to measure and how to measure – as well as our latest data.
Featured Content
IOFM's Early Pay Discount Benchmarks Report
AP can really make an impact on the bottom line by capturing early pay discounts. This report will enable you to measure how successful your discount program is compared to your peers, as well as offer innovative suggestions for taking it a step further.
Featured Content
IOFM's 2019 Effectiveness Benchmarks Report
High-performing AP teams aren’t just focused on paying invoices quickly. The key to their success is to striking a balance between efficiency and ensuring accurate payments. This report provides the key quality measures necessary to keep your standards high throughout your performance improvement journey.
Featured Content
IOFM's 2019 Efficiency Benchmarks Report
The first step in making the business case for any improvement is measuring current performance and gauging how much of an improvement is realistic. IOFM's latest benchmarking report enables you to compare your department to others AP functions with similar levels of automation and organizational structures.
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Latest
Even when processes seem to be running smoothly in accounts payable and other finance functions, there’s always room for improvement. “Process… Read More
Q. I see the benchmark for "paid on time" in IOFM, but are there any other details that can be provided about calculating on time payments> Is… Read More
Q. In your AP performance efficiency benchmark, you highlight paid on time rates for top and bottom performers. How are "due now" or "pay immediate"… Read More
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