Benchmarking: Accounts Payable Management

Accounts Payable Management Benchmarking Consortium

To identify "Best in Class" accounts payable management processes, which, when implemented, will lead member companies to exceptional performance.

The Accounts Payable Management Benchmarking Consortium™ (APMBC™) is an association of companies whose members conduct benchmarking studies to identify the best practices surrounding Accounts Payable Management that improves the overall operations of the members.

Benchmarking is a collaborative learning process among a group of companies to focus on specific operating practices, compare measures and results and identify improved processes within their organizations.

Key Components

Data gathering in the form of detailed surveys of measures and processes;
Identification of best performers; and
Site visits to the best companies.
Benchmarking Looks at Best Practices

Internally among divisions;
Within the industry; and
Outside the industry - out-of-box.

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This service is provided by The Benchmarking Network, Inc., an international resource for business process research and metrics. We lead studies with over 140,000 process leaders in over 65 countries. We provide benchmarking training and research to individual companies, professional and trade associations, and industry and process based groups. Since 1992, our over 300 benchmarking studies have spanned virtually all processes and industries to identify measures and collect data.

Benchmarking Measures, Data, Metrics, and KPI's

Tap into our existing databases of over 300 studies that are available to assist in jump-starting your benchmarking efforts. Since no database can cover all needs, we also support more customized research activities.

The Benchmarking Network has conducted over 3,000 site visits with companies to collect best practice information.

This is benchmarking how it should be done; not just data but real people in face-to-face process discussions. Our process includes:

  • Enlisting major global corporations
  • Gathering databases of details and comparable measures
  • Collecting detailed process information
  • Identifying best practices and performers
  • Face to face site visits with "Best Practice" companies