Metric of the Month

December 2021: Managing Increased Invoice Volume

November 24, 2021

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As organizations see their business rebound as the pandemic winds down, their invoice volumes are increasing significantly. How is AP responding to the greater workload, given all the staff downsizing that occurred? A recent survey conducted by IOFM reveals the answer: Most AP teams are simply working longer hours.

Source: 2021 IOFM Survey Data

 

Want more benchmarking data? Go to the Benchmarking section of IOFM.com. Members can download the IOFM 2020 Benchmarking Reports, and if you’re not a Member yet, schedule a demo to get free access. Or – register for our upcoming webinar: What You Can Learn From AP’s Best Departments.

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