How to Use P2P Benchmarking to Drive Performance
October 18, 2017
Benchmarking the Accounts Payable function has taken on a strategic importance in today’s organization as this most vulnerable area of finance guards the outflow of its cash and transforms itself from task-driven cost center to automated profit center.
The challenge now is to identify the A/P metrics and KPIs worth measuring to gauge performance as well as to find the appropriate standards which will provide a meaningful comparison and set up the reporting mechanisms to make benchmarking a routine, easy exercise.
Attendees of this free 45-minute session will be leaders in Finance & Procurement wanting to:
- Understand the immediate benefits of benchmarking to the organization
- Learn specifically how benchmarking works, and how it raises Accounts Payable performance
- Find out the key measurements and calculations needed for optimal benchmarking results