---
title: Accounts Payable Benchmarks
url: https://www.medius.com/resources/guides-reports/accounts-payable-benchmarks/
updated: 2025-11-13T01:19:17Z
---
## GUIDES & REPORTS

# Explore the Accounts Payable Benchmarks

Ready to have your invoices and payments flow through the AP process *without* any human interaction needed? We've got you covered. Medius customer benchmarks are your one-stop-shop to compare your process KPIs with your peers. See exactly where you’re doing great and where you could stand to improve with even more automation.

Explore benchmarks

![benchmarks line art](https://www.medius.com/media/se1lbq5k/benchmark_report_lineart_r1_charcoal.png?rmode=max&width=372&height=0&v=1d946da8f9e4770)

PO-based invoices

- PO-based invoices
- Non-PO-based invoices

### Accounts payable benchmarks for PO invoices

#### Invoice Capture

Extract data from invoices of all formats.

KPI: Touchless Capture Rate

77.0%
AVERAGE

100%
BEST-IN-CLASS ![award icon](https://www.medius.com/media/fi1ifir5/award-fill-red.svg)

#### PO Matching

Connect invoice to PO(s) and match invoice details.

KPI: Touchless Processing Rate

68.9%
AVERAGE

96.3%
BEST-IN-CLASS ![award icon](https://www.medius.com/media/fi1ifir5/award-fill-red.svg)

#### Total invoice processing cycle time

5.1 DAYS
AVERAGE

1.4 DAYS
BEST-IN-CLASS ![award icon](https://www.medius.com/media/fi1ifir5/award-fill-red.svg)

### Accounts payable benchmarks for Non-PO invoices

#### Invoice Capture

Extract data from invoices of all formats.

KPI: Touchless Capture Rate

76.6%
AVERAGE

100%
BEST-IN-CLASS ![award icon](https://www.medius.com/media/fi1ifir5/award-fill-red.svg)

#### Route

Send the invoice to the appropriate approver(s).

KPI: Automatic Routing Rate

65.7%
AVERAGE

99.5%
BEST-IN-CLASS ![award icon](https://www.medius.com/media/fi1ifir5/award-fill-red.svg)

#### Code

Apply cost center, account etc. to each invoice line.

Automatic coding with machine learning at 99% accuracy available

#### Approve

Review and approve.

KPI: Average Approval Time

3.3 DAYS
AVERAGE

1 DAY
BEST-IN-CLASS ![award icon](https://www.medius.com/media/fi1ifir5/award-fill-red.svg)

#### Total invoice processing cycle time

7.4 DAYS
AVERAGE

2.1 DAYS
BEST-IN-CLASS ![award icon](https://www.medius.com/media/fi1ifir5/award-fill-red.svg)

            Previous

            Next

[!\[AP Benchmark Report cover\](https://www.medius.com/media/eotgfzxx/resource-menu_apbenchmark-report-2024.png?rmode=max&width=372&height=0&v=1dbbec33bf14790)](https://www.medius.com/resources/guides-reports/ap-benchmark-report/)

## Discover the Accounts Payable Benchmark report

Now that you’ve seen the highlights of the AP key performance indicators that will become the measuring stick of your continuous improvement efforts, it’s time to dive deeper and see what the leaders are doing to reach the best in class benchmark levels and transform the way they handle invoices. Get real-life examples of how your peers have tackled the challenges in the invoice through payment process and come out on the other side: faster, more efficient, and more cost savvy than before.

[Download the report](https://www.medius.com/resources/guides-reports/ap-benchmark-report/ "AP Benchmark Report")

“The work doesn’t end with go-live. That’s the starting point for process improvements … Medius provides us with the KPIs and tools we need to identify issues, solve them and drive more automation across the entire process.”

**Łukasz Gauza**
AP Team Leader, Duni

[Read the case study](https://www.medius.com/resources/case-studies/duni-ap-automation/ "Duni AP Automation")

[![Duni Group logo](https://www.medius.com/media/2vkpfart/duni-group.jpg?rmode=max&width=147&height=83)](https://www.medius.com/resources/case-studies/duni-ap-automation/ "Duni AP Automation")

## Ready to transform your AP?

[Book a Demo](https://www.medius.com/book-a-demo/ "Book a Demo") [Contact Us](https://www.medius.com/contact-us/ "Contact Us")