AP Operational Metrics
The Accounts Payable Operational Metrics model is designed to provide insights into the performance of a company’s accounts payable process. By providing key measurements to tracking and monitoring, the model can assist you in improving operational efficiency. The model shows counts of transactions, elapsed time and dates, and trends over time. It also provides an index to monitor the efficiency of the accounts payable process.
The model supports analysis of:
- Processing time
- Late payments
- Number of invoices vs number of payments
- Average number of invoice per employee
- Payment methods to ensure efficient transaction
M3 Analytics provides a configurable target value for the average days between invoicing and reconciliation. The facts in this model can be analyzed by these dates: accounting date, invoice date, due date, and internal reconciliation date.
Source information
The main source for the Accounts Payable Operational Metrics model is the M3 BE table FPLEDG. The table is filtered by internal reconciliation code 9 to retrieve only fully paid invoices. The transactions are captured in the invoice currency. The term division currency is used in M3 Analytics. Some additional data is retrieved from the M3 BE table FGLEDG, such as invoice and payment amounts in local currency, accounting information, FAM entry ID, and FAM function. The model supports analysis at supplier invoice level.