Tracking the Right Metrics Gives You Critical Information To Know How Effectively Your Business Is Running
Is your Accounts Payable department operating with a checklist mentality? There's more to the AP department than logging invoices and writing checks. Examine your AP process and ask yourself a few questions:
- Is the AP process itself efficient?
- Are there ways to make it better?
- Are there ways that the company can save money?
All of these questions can be answered when you examine your AP process and establish key tracking metrics. When you know what metrics, or KPIs, to look for, it's easy to determine if your department is running efficiently or if there is room for improvement. in this week's blog article from ACOM Solutions.
