Invoices Processed per Employee
This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Invoices Processed per Employee. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is 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 employees responsible for invoice processing.
Why should Invoices Processed per Employee be measured?
Invoices Processed per Accounts Payable Employee measures the efficiency with which Accounts Payable (AP) employees process and pay (or schedule to pay) invoices that are owed to company vendors, or creditors. A relatively low value for this KPI is typically related to a few common factors: highly manual accounts payable processes (invoice matching, reconciliation, etc.), many invoices received on paper or not in good order and/or a lack of discipline and training within the Accounts Payable staff. Each of these factors lead to increased error rates, longer cycle times, higher unit costs (i.e., cost per invoice), and unnecessary disputes with vendors or creditors.
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