Benchmarking

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.

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IOFM's Spring 2019 Performance Benchmark Report

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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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Q. Do the key metrics for Invoices per processor and cost per invoice customarily include Travel and Entertainment transactions and T&E staff costs?… Read More
Q. Do the key metrics for Invoices per processor and cost per invoice customarily include travel and entertainment transactions and T&E staff costs?… Read More
Efficiency Measures: Split by Industry Of the 388 AP functions studied for this report, only five industry groupings were large enough to conduct… Read More

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