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Measure Overview

# Performance Measure Strategic Plan Goal Business Strategy
P117

Pay invoices within 30 days (%)

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; Run Payment Register Report, run variant and export to Excel

How is the measure calculated?

Count the number of invoices with payments 0-30 days divided by total number of invoices

Who to contact if you have questions?

 Robert Martinez

Additional Information

 


 

FY19 Target

83%

% paid within timeframe

FY20 Target

85%

% paid within timeframe

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