Automatic Cash Application Rate

Metric Details & Benchmarking Report Download

KPI Benchmarks : Automatic Cash Application Rate

  • Benchmark Range
  • Benchmark Average
  • Benchmark Sample Size (n)

* Is High or Low Best:


Automatic Cash Application Rate

KPI Details

Automatic Cash Application Rate measures the company’s ability to automatically match payments with their corresponding invoices. A relatively low value for this metric can be indicative of highly manual (i.e., error prone) matching processes, poor payment and invoice data quality and data governance policies and sub-par Accounts Payable (AP) Department employee training and performance. Each of these factors can lead to prolonged invoice processing cycle times which increases vendor disatisfaction and can potentially reduce the likelihood of future discounts, preferred deals, or even continued business with the vendor.

KPI Definition

The number of payments received by the company that are automatically matched to invoices divided by the total number of payments received by the company over the same period of time, as a percentage.

KPI Calculation Instructions Automatic Cash Application Rate?

KPI Formula :

Related Products

Contact OpsDog

Let us take your KPIs & business intelligence efforts to the top.

Contact us now to discuss a BI engagement with OpsDog.
Contact OpsDog

Share

Share this: Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,