Performance category - Payables

Summary: 

This article explains how users can use the KPIs dashboard to monitor their payables performance.

Permissions: 

Article Contains:

• Selecting the category in Monitor KPIs
• Payables KPIs:
  • Time period selection:

Selecting the category in Monitor KPIs

Users can select the desired category from the performance category drop-down.

Payables KPIs:

The payables performance of a business is mapped through the following KPIs:

• Days payables outstanding: This is the measure of the time it takes to pay an invoice

• Turnover ratio: This is the measure of the number of times a company pays off its accounts payable in a given period

• % Paid early: This is the measure of invoices paid before the due date vs the invoices available for payment

• % Paid early: This is the measure of invoices paid after the due date vs the invoices available for payment

For the default time period selection, the users can also view the graph of their payables performance.

For each graph, key metrics like payments due, paid early, paid on due date, paid late, unpaid amount, and the corresponding Supplier and their invoices for the selected period are tracked.

Users can also choose to view their payables performance over time or per Suppliers.

Time period selection:

Users can choose the time period to analyze the payables performance. According to the time period selection, the KPIs are auto-calculated.

To compare performance over identical time periods, users can select the time period range from the 'Add time period' option. 

Selecting identical time periods (same range of months) to compare also gives the KPIs trend for the tracked indicators.