Benchmarking Archive

2024 AP Benchmarking Report: Automation and Technology - This year, we once again analyze the progress of AP organizations’ move to technology. All indicators point to the fact that tech is on… Read More

2024 AP Benchmarking Report: Performance Metrics and Concerns - In this second of three 2024 AP Benchmarking Reports, we examine accounts payable performance metrics that reflect respondents’… Read More

2024 AP Benchmarking Report: Respondent Demographics - Benchmarking is a recommended best practice for organizations looking to improve their processes. It involves research into how other similar… Read More

2023 Benchmarking Report: Automation Trends (Archived) - The third and final report of our 2023 series explores automation, which continues to be a dominant narrative in the financial operations… Read More

2023 Benchmarking Report: Accounts Payable Performance (Archived) - Accounts payable performance can be assessed in a number of ways. On the one hand, there are successes — paid on time metrics,… Read More

2023 Benchmarking Report: Benchmarking Overview (Archived) - While every organization is different, understanding how well similar departments perform will help you plan your own unique path to… Read More

The third and final report of our 2022 series report analyzes the performance of our survey respondents in their AP processes. This will cover key performance indicators like PO-to-invoice match… Read More

Assessing how your organization compares to others like it and then looking for the opportunities to improve allows you to streamline your operations and maximize the contributions of AP. This is the… Read More

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 data enables you to… Read More

- What separates world-class AP teams from everyone else is a simple concept: process consistency, enabled by automation. Yet the latest IOFM benchmarking data shows many AP departments have… Read More