Accounts Payable Metrics: 10 KPIs to Track, with Formulas and Benchmarks
Accounts payable metrics are the numbers a finance team uses to judge how well AP is working. They show what each invoice costs to process, how fast and accurately it moves to payment, and how well payments are timed. The most useful accounts payable performance metrics fall into five families: cost, productivity, speed, quality, and cash. These metrics apply whether invoices are keyed by hand or captured with accounts payable automation. No single number tells you whether AP is healthy.