It’s often been said that you can’t improve what you don’t measure. This is especially true in today’s accounts payable (AP) departments.
Yet this very department is where significant time savings and cost efficiencies can be made. Accounting is often wrought with inefficiencies and manual processes, being heavily reliant on paper and spreadsheets.
Setting and tracking KPIs can have multiple benefits such as cost reduction, risk mitigation, and business performance boosts. But what KPIs should AP teams measure? And what benchmarks should they set?
Download this free white paper to learn how to:
- Set KPIs that align with your business strategy
- Interpret metrics and identify pain points
- Calculate how your team performs against key AP benchmarks
- Improve department-critical KPIs with AP automation
Learn More About Beanworks
Discover how AP automation can free your accounting team from manual data entry, delays, and paper-based processes.