AP Benchmarking Best Practices

Benchmarking is the process of improving performance by continuously identifying, understanding, and adapting your AP department's practices to best practices and processes found inside and outside your organization.   Benchmarking: Continuous Process Improvement In benchmarking, continuous process improvement is emphasized and benchmarking should not be a onetime event. Benchmarking is the most credible of all justifications for your AP department operations. Your managers will have little to…