Paid on Time PO Invoices: How Do You Measure Up?

October 30, 2020


In IOFM’s recent 2020 Efficiency Benchmarks survey, we polled organizations to see how often they were able to pay their PO invoices on time. Here’s how organizations with moderate volume—between 20,000 and 100,000 invoices per year—stacked up. Automated Organizations Non-Automated Organizations Clearly, automated organizations do a better job of paying their PO invoices on time. That’s because an automated workflow makes matching an invoice to a purchase order a much easier and more…

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