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Benchmarking - Measure your AP Performance
Before making any changes to your processes, it’s crucial to know how your performance compares to your peers. IOFM’s Benchmarking Reports provide the insights you need to measure accurately, set realistic goals, and drive meaningful improvements. This year, we’ve streamlined the data into two comprehensive reports, one tailored specifically for professionals working in shared services, and one designed for everyone else in AP. Each combines measurement principles, why to measure, what to measure, and how to measure, with IOFM’s latest benchmarking data to help you see exactly where you stand.
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Keys to Driving AP Performance: Eight Benchmarks for Efficiency and Effectiveness in Shared Services
This report is designed specifically for AP teams working in shared services. It benchmarks eight critical AP metrics, including invoice cycle time, cost per invoice, and days payable outstanding all while examining how automation, talent shortages, and today’s economic uncertainty are impacting results. With data from more than 300 IOFM members, it offers a clear look at how shared service centers are really performing today.
Featured Content
Keys to Driving AP Performance Eight Crucial Benchmarks in Today’s Economy for Decentralized Teams
In our second report, we turn to decentralized AP teams, those operating outside of shared services. The findings show how today’s economic uncertainty is influencing payment strategies, with many teams intentionally slowing payments despite greater automation capabilities. Covering eight essential AP benchmarks, this report reveals where decentralized teams are excelling, where they’re falling behind, and how they stack up against peers in a shifting marketplace.
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Keys to Driving AP Performance: Eight Benchmarks for Efficiency and Effectiveness in Shared Services
This report is designed specifically for AP teams working in shared services. It benchmarks eight critical AP metrics, including invoice cycle time,
… Read More In our second report, we turn to decentralized AP teams, those operating outside of shared services. The findings show how today’s economic
… Read More
Businesses – especially those that sell to consumers – are facing daunting tests in this economy.
Headwinds were already bad: the Federal
What are you waiting for?
