Accounts Payable Metrics: KPI for Tracking Efficiency

What are Accounts Payable Metrics?
These are the key performance indicators (KPIs) that companies use to measure how well and efficiently their accounts payable (AP) processes work. You can think of these measures as your report card. They show how well the AP department is managing its work, finding ways to save money, and keeping good relationships with vendors and suppliers.

Think of AP measures as a checkup for your money. They let you know if your company pays its bills on time and in a smart way, which can save you money and make your sellers happy. A business can find problems early and stop them from getting worse by keeping a close eye on these numbers.