How about erroneous payments as percentage of total payments

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Question - What risks are present if you take too long to pay our accounts payable?

What are some analyses you could perform that would provide insight into how efficiently your company is processing payments to suppliers? Are there any KPIs that would be appropriate here?

In your opinion, what would be an appropriate benchmark for the average number of discount dollars lost as a percentage of available discount dollars? How about erroneous payments as a percentage of total payments? Would management want these numbers to be higher or lower?

Reference no: EM133170059

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