Metric of the Month

July 2021: Cost Per Invoice

June 28, 2021

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Something we’ve been talking a lot about lately is “type of decision-making.” This simply refers to how decisions are made about processing AP work. Do the individual processors decide how to prioritize and organize their work (desk-level)? Are those decisions made by department management (department-level)? Or are they determined based on end-to-end P2P considerations (P2P-level)? And why does that matter? This graph answers that question.

Source: IOFM 2021 Benchmarking Report, “Maximizing Your Automation ROI”

Want more benchmarking data? Go to the Benchmarking section of IOFM.com. Members can download the IOFM 2021 Benchmarking Reports, and if you’re not a Member yet, schedule a demo to get free access.

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