Question

what are some analyses you could perform that would provide insight into how efficiently your company is collecting cash from customers? are there any kpis that would be appropriate here?

Answer 1

KPIs are corporate metrics connected to performance objectives. By monitoring KPIs, a company can determine whether it is progressing toward its goals and making the appropriate business decisions to do so.

• KPIs offer a compass for internal monitoring and direction-changing, but they may also be used to compare an organization's performance to others in the same industry. KPIs offer means to gauge the effectiveness, expense, or result of the many components of business processes.

AP KPIs offer means to gauge both the productivity and efficiency of the individuals in charge of managing the AP process as well as the process itself. It's crucial to keep suppliers satisfied while weighing the advantages of borrowing for cash flow.

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