Accounts Payable Key Performance Indicators (KPIs) measure the efficiency and effectiveness of an organization’s accounts payable operations. KPIs are quantifiable metrics that track progress towards specific business goals, such as improving supplier relationships, reducing payment times, and streamlining the invoicing process. By monitoring the performance of these KPIs, businesses can gain insight into how their AP department is performing, allowing them to make informed decisions when it comes to setting up new processes or protocols. Taking the time to create effective AP KPIs will go a long way in helping organizations reach their financial goals.