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    Location:
    One Civic Plaza, NW
    Albuquerque NM 87102

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    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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