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The success of any spend management, sourcing or financial management program largely depends on the enterprise’s ability to set proper goals, identify core business objectives and, most importantly, build an effective means of measuring performance. Tracking performance metrics, and benchmarking the results, is one of the most efficient ways to determine how much room for improvement there is in any business function. This is also true in accounts payable, where tracking key performance metrics can help the AP team understand the current state of operations—a critical part of any business process transformation. After all, without knowing what current performance is, there is no way to tell what will happen when AP automation is implemented.
But not all metrics are created equal. And with that in mind, please join Ardent’s Research Director Bob Cohen, Wednesday April 8th at 2 PM ET, on a complimentary webinar where he will reveal the 10 Critical AP Metrics for Your Department (click to register). On this webinar, hosted by Canon Business Process Services, Bob and David Gollub, Account Executive, at Canon will cover the top metrics AP departments need to be aware of in 2020. They will also cover industry best practices AP leaders can use today to improve overall performance.
The ability to make better-informed decisions with accurate and recent data and better benchmark internal AP processes can be game-changing for your department and teams. Tracking performance metrics is a key part of improving AP’s overall operations. By collecting performance data AP is able to showcase the value of investing in the department. If AP teams industry wide were to track these key metrics, they would be able to prove value to the enterprise. Tracking these metrics not only gives the AP team peace of mind, but also allows the organization to benchmark their performance and see how it compares to “Best-in-Class” teams. Click below to register.
Webinar Details:
10 Critical AP Metrics for Your Department
Date: Wednesday, April 8th @ 2 PM ET
Presenters: Bob Cohen, Research Director, Ardent Partners
David Gollub, Account Executive, Canon Business Process Services
Sponsor: Canon Business Process Services
