Percentage of Payments with Purchase Orders

Benchmarking Report

Percentage of Payments with Purchase Orders

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 Payments with Purchase Orders. 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 Payments with Purchase Orders?

The number of payments processed by the Accounts Payable (AP) Department that were accompanied by an approved purchase order (PO) divided by the total number of payments processed by the AP Department over the same period of time, as a percentage.

Why should Percentage of Payments with Purchase Orders be measured?

This KPI measures the controls in place to minimize the instances of unauthorized invoice payments made to company vendors, or suppliers. If a vendor payment has an approved purchase order (PO), it helps to ensure that the purchase has gone through the necessary steps within the organization required to approve and process payment. A large number of invoices without POs can delay payment, lead to vendor disputes and increase instances of non-compliance with purchasing standards.

Download a Sample Percentage of Payments with Purchase Orders

Frequently Asked Questions

Q: How do you collect and validate your data?

A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years conducting original research and anonymizing data from our engagements with top companies around the world. Every single data point we collect is scrutinized by our analysts to conform to established baselines and our rigorous in-house validation process. We won’t serve it up to you unless it meets our tough standards for utility and value.

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A: Enough to produce a useful benchmark. And rest assured that it’s all current, validated, and useful. We only include data that’s been collected in the last five years. And while sample sizes vary by KPI, the average is 25, and the high end can surpass 1,000.

Q: How often do you update your reports?

A: Every year. We’re constantly gathering, scouring, and processing new data. We update our reports based on trends our analysts detect in the data, as well as the demand from our consulting clients and customers like you.

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