Percentage of Invoices Received as PDFs
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What is Percentage of Invoices Received as PDFs?
The number invoices received (from company vendors/suppliers) in PDF format by the Accounts Payable (AP) Department divided by the total number of invoices received (electronic, paper, PDF) by the AP Department over the same period of time, as a percentage.
Why should Percentage of Invoices Received as PDFs be measured?
The Percentage of Invoices Received as PDFs is an indicator of invoice submission quality, and its potential impact on productivity, error rates, costs, and overall work quality within the company's Accounts Payable (AP) Department. A high volume of invoices in PDF format may put increased workload on AP staff members - in most cases, these invoices must be manually keyed into the company's invoice processing system. Even in instances where PDF invoices can be input into company systems using optical character recognition (OCR) technology, the completeness and accuracy of these entries may be subpar as compared to fully electronic processing formats, such as Electronic Data Interchange (EDI). If the company is unable to receive and process invoices electronically, data input accuracy and completeness must be diligently monitored and enforced by AP managers to keep invoicing and payment errors to a minimum.
Download a Sample Percentage of Invoices Received as PDFs
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