Percentage of Invoices Received on Paper
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 Percentage of Invoices Received on Paper. 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 Percentage of Invoices Received on Paper?
The number invoices received (from company vendors/suppliers) received on paper 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 on Paper be measured?
The Percentage of Invoices Received on Paper 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 on paper 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 paper invoices can be scanned and 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.
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