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Benchmarking daily invoice entry process
January 6, 2022
Q. Our accounts payable team is currently looking for ways to track the real-time, daily entry of invoices. How do you benchmark your performance at your company? And what metric do you use?
A.
(Answered by the IOFM Advisory Panel)
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We have a report that is automatically runs at the end of the day that shows how many invoices and what kind of invoices were processed (invoices, check requests, uploads).
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We have reports that we can run based on entry date that counts number of invoices…
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