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.