Accounts Payable (AP) is more than processing invoices and issuing payments. It plays an important role in cash-flow management, vendor relationships, internal controls, financial reporting, and operational efficiency.
Monitoring the right Key Performance Indicators (KPIs) helps finance teams identify bottlenecks, measure workload, spot emerging risks, and make better decisions about process improvement.
Here are seven practical Accounts Payable KPIs every finance team should consider...