IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

AP benchmarking data

March 6, 2023
March 6, 2023


Q. I have been tasked by senior management to find benchmarking for various KPIs, including paid on time, invoice cycle time, invoice backlog and PO vs. non-PO. Where can I find a clear guide on this? Is there somewhere that tells me what the industry best practice is for these metrics? A. (Answered by IOFM's benchmarking specialist) The latest paid-on-time data is in IOFM's 2022 AP Performance Benchmarking Report.  Regarding Invoice cycle time, we're not sure specifically what you are looking…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today

Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500