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Finance

Measure Overview

# Performance Measure Strategic Plan Goal Business Strategy
P117

Invoices paid by due date (%)

Government Accountability

Increased Efficiency

Why is this measure important?

The results of this measure supports the automation of the Accounts Payable invoice payment process. It is important to monitor timeliness of invoice payments because the higher the percentage, the higher the efficiencies. (e.g., less time spent answering vendor inquiries). Timely payment of invoices also assists in supporting the business community.

Where does the data come from?

SAP ECC System

How is the measure calculated?

Calculate the total number of days between the invoice date and the payment date; sum the number of rows that have 30 or less days; divide by the total number of invoices to calculate the percentage

Who to contact if you have questions?

Amy Childers

Additional Information

 


 

FY17 Target

80%

FY18 Target

80%

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