Input Quality and Input Timeliness: Two Metrics Every AP Department Should Use

If your organization is planning on benchmarking its processes and procedures–or is simply exploring the idea of doing so–it is critical to approach the effort thoughtfully, so that your undertaking gains you the information and process improvements you are seeking. In the last issue of Managing Accounts Payable, we talked about how critical metrics are for measuring and improving AP performance. This month–and in months to come–we will discuss specific metrics and provide examples of how…