Accounts Payable Operational Metrics dashboard

The Accounts Payable Operational Metrics dashboard can help you in monitoring the performance of the company's accounts payable process. The dashboard reports processing times by using different payment methods and tracks the Efficiency Index as a measure of operational efficiency. A target value provides a baseline for which the actual days it took to process a supplier invoice can be compared against.

This dashboard can answer business questions such as:

• Which suppliers are best/worst performing in terms of payment?
• What payment methods are processed inefficiently?
• How many invoices on average are processed per employee?

The dashboard consists of KPIs for Efficiency Index, Avg Days – Invc and Recon, Avg Invoice Amt, and Avg No. of Invoices as well as these reports:

KPI Charts:

• Efficiency Index Trend
• Avg Days – Invc and Recon Trend
• Avg Invoice Amt Trend
• Avg No of Invoices Trend

Reports:

• Efficiency Index
• Processing Time
• FAM Entry ID – AP

You can filter the data by using these standard filters:

• Division
• Time
• Payee
• Supplier
• Supplier Invoice
• Account
• FAM Entry ID
• AP Authorized by
• AP Employee

The Show N Records filter is applied to the reports Efficiency Index and Processing Time.

The additional filter Target – Invc and Recon makes the target value plotted in the Processing Time report configurable. You can use this to make adjustments on the fly and perform what-if analysis; however, permanent change to the target value should be done in Admin.

Source information and reports are documented in the AP Operational Metrics section.