Ardent Partners’ Accounts Payable Metrics that Matter in 2019
Numbers don’t lie, and when it comes to a company’s accounts payable (AP) department, numbers can provide valuable insight into where a business stands and how it can improve. With technology advancing at a rapid pace, and executives starting to realize the strategic potential of AP, all signs are pointing to AP automation software and its ability to unlock useful data.
Ardent Partners’ new white paper, “Accounts Payable Metrics that Matter,” is a compilation of the industry’s best and most widely used benchmarks. The metrics are meant to give organizations an overall view of what is currently happening, as well as a sense of how best-in-class AP operations are managed.
Discover the benchmark data – provided in clear, graphical representations – that can provide significant insight to invoice management:
- The average cost to process a single invoice is $11.57
- The average time to process a single invoice is 8.6 days
- Best-in-Class organizations experience a 2.5 times faster invoice processing time
- Best-in-Class organizations experience a five times lower cost to process an invoice
How does your AP department stack up? And how can automated invoice processing take it to the next level? You can find out right now. Download the white paper today!