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Benchmarking for invoices paid late
November 9, 2023
Q. I have some questions around metrics for “invoices paid late.”
From an AP benchmarking perspective:
• What is the acceptable number of late invoices? Is it based on company size, based on the number of invoices processed? What does the best-in-class AP consider an acceptable number of invoices paid late?
• What is the acceptable number of invoices on hold? (Meaning no GR has occurred to perform the complete 3-way match, so invoice is on hold and can’t pay)
A.
(Answered by the IOFM Ask the…
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