Invoice Cycle Time

Modified on Thu, Feb 15 at 11:43 AM

This report provides a comprehensive analysis of the time taken for the various invoice processing stages from the time of invoice creation to invoice export to help you improve operational efficiency.

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Description

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Specific vendor’s operational metrics


Field Description

Field

Description

Group

Name of the Group

Hours Taken from Invoice Creation → Invoice Upload (95th percentile)

Average time taken for 95% of the invoices to be uploaded from the date they were created

Hours Taken from Invoice Upload → Invoice Verified (95th percentile)

Average time taken for 95% of the invoices to be verified from the time they were uploaded

Hours Taken from Invoice Verified → Invoice Approved (95th percentile)

Average time taken for 95% of the invoices to be approved from the time they were verified

Hours Taken from Invoice Approved → Invoice Exported (95th percentile)

Average time taken for 95% of the invoices to be exported from the time they were approved


Access Model

Category: Operational Efficiency

This is an advanced report. Contact your Account Manager or support@ottimate.com if you do not currently have access to Advanced Reports and would like to add them on.

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