“If you don’t measure it, you can’t improve it.” – Peter Drucker
Overworked and crunched for time, accounting is often neglected when it comes to tracking and improving performance. These analytics gaps make it difficult for AP departments to identify bottlenecks and inefficiencies.
Setting and tracking KPIs can have multiple benefits such as reducing costs, mitigating risks, and driving business performance. But what KPIs should AP teams measure? And what benchmarks should they set?
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