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Automatic Cash Application Rate

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KPI Benchmarks : Automatic Cash Application Rate

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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

KPI's & Data 

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First-Time Invoice Match Rate

The number of invoices that match (i.e., the information presented in invoices, purchase orders and receipt of goods are exactly the same) any related purchase order line items and receiving...

KPI Type : Quality

KPI's & Data 

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Invoices Processed per Employee

The total number of invoices processed (i.e., received, input and paid/pended/denied, or scheduled for payment) over a certain period of time divided by the total number of Accounts Payable...

KPI Type : Productivity

Formula : Number of Invoices Processed and Paid to Vendors / Average Number of AP Employees

KPI Benchmark Range : Buy this instant download data-as-a-service product to find out now!

Workflows 

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Accounts Payable (End-to-End)

This workflow template illustrates the reception, processing and payment of all incoming vendor/supplier invoices, from initial arrival to final payment. Purchase and download this template...

Type : Workflow Template

Process Participants : Vendors/Suppliers, Purchasers, Accounts Payable Staff, Fixed Assets Accounting Staff

KPI's & Data 

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Cost per Invoice

The total amount of expense incurred by the Accounts Payable (AP) Department divided by the total number of invoices processed by the AP Department over the same period of time. Total AP Dep...

KPI Type : Cost

Formula : Total AP Department Expense / Total Number of Invoices Processed

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