accounts payable - benchmarking your kpis against top industry metrics
DESCRIPTION
Key performance indicators (KPIs) are an essential part of improving Accounts Payable performance. But they’re also just that — a part. Without a strategic assessment, opportunities for progress can go unspotted. Join Esker to discover how your KPIs compare to the industry standard and ways you can drive AP improvement: -Number of invoices processed per FTE per annum -Cost per non-PO invoice / cost per PO invoice -Percentage of invoices that match first timed -Percentage of invoices paid to terms -Number of suppliers per 10,000 invoices -Percentage of negotiated discounts captured View this webinar recording and find out how to reach the next level of Accounts Payable efficiency.TRANSCRIPT
Accounts Payable: Benchmarking your KPIs against top industry metrics
27th June 2013
Presented by:Sponsored by:
Presenting your speakers
Susie West
Founder and CEO
sharedserviceslink.com
Julie Mai
Business Development Manager
Esker
Format
•How will this session work?
–Your homework–5 KPIs
•Importance of them•Live benchmark•Industry benchmark
Questions
•Send me your question early and I will put it to the Julie•Use this opportunity to get the answers/info you seek•The sooner you send me the question, the more likely it will
be asked•Remember to stay on for Q&A in the last 10 minutes of the
show
Context
•Shared services are organizations looking for continuously improve
•One tool for furthering improvement and tracking improvement is The Benchmarking Data
•Some Benchmark Data is more meaningful than others•We are focusing this webinar on the chief KPIs used to drive
improvement in Accounts Payable
Follow the Conversation on Twitter: #quitpaper AP Automation
#quitpaper
First, a couple house-keeping items for the “Social World”:
• Webinar Hashtag: #quitpaper
• Be sure to follow:@EskerInc
Follow the Conversation on Twitter: #quitpaper AP Automation
#quitpaper
• Company’s mission is to help organizations “Quit Paper” and automate manually intensive processes
• Global company with offices located worldwide allowing customers to have a local presence in multiple geographic areas
• In business for over 24 years
• “In the Cloud” for over eight years – with the option of an on-site offering for customers that prefer that route
Follow the Conversation on Twitter: #quitpaper AP Automation
#quitpaperIn this 60-minute webinar:
Importance of Benchmarking
How Do Your KPIs Stack Up?– Live Poll: Eight Common Metrics– Top Industry Metrics
3 Success Factors to Improve KPIs
Case Study
Q & A
Follow the Conversation on Twitter: #quitpaper AP Automation
#quitpaperWhy Benchmarking?
You can’t manage what you can’t measure.
Align appropriate KPIs with organizational goals
Consistent evaluation over time
Follow the Conversation on Twitter: #quitpaper AP Automation
#quitpaperIn this 60-minute webinar:
Importance of Benchmarking
How Do Your KPIs Stack Up?– Live Poll: Eight Common Metrics– Top Industry Metrics
3 Success Factors to Improve KPIs
Case Study
Q & A
Follow the Conversation on Twitter: #quitpaper AP Automation
#quitpaper
COMPARING YOUR KPIS WITH INDUSTRY METRICS
Accounts Payable:
Follow the Conversation on Twitter: #quitpaper AP Automation
#quitpaperQuestion #1
Number of Documents
Processed Per Month
Follow the Conversation on Twitter: #quitpaper AP Automation
#quitpaperQuestion #1 Results
What is the quantity of invoices that are being processed by your organization per month?
Less than 100,000 – 32% 100,001 to 200,000 – 26% 200,001 to 500,000 – 18% 500,001 to 1 million – 9% More than 1 million – 16%
Follow the Conversation on Twitter: #quitpaper AP Automation
#quitpaperDownload the Full Presentation
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