Below are a set of benchmarks that are tied to Invoices. Take a look at your benchmarks in your Coupa
service to see where you are doing better than the market, or where you
can improve.
Use the "Ways to Improve" column as a way to better your procurement
processes, and continue to save your company money!
Benchmarks
|
Ways to Improve
|
| Approved Invoices |
1. Stop processing paper invoices
2. Rationalize
approval limits |
| e-Invoices |
1. Stop processing paper invoices
2. Incent AP to
process more invoices per FTE |
| Invoices Hold |
1. Encourage suppliers to reference PO number and /
or
procurement contact on the invoice
2. Specify 2 -3 way matching rules |
| Release Holds |
See above |
| Non-matched invoices |
1. Rationalize matching rules by supplier
2.
Communicate matching policy to suppliers |
| Voids |
Encourage suppliers to reference PO number and / or
procurement contact on the invoice |
| Invoices Processed per FTE |
1. Stop processing paper invoices
2. Incent AP to
process more invoices per FTE |
| Cost |
See above |
|
|
