How to Calculate Average Invoice Processing Cost?

The average invoice processing cost is a great way to measure how efficient your automated payments are. It’s an estimate of the total amount that needs to be paid out for each bill owed, including labor costs and overhead expenses like mailing services or systems fees. Factors such as outsourcing can affect this number too. The formula is: Average invoice processing cost = Total accounts payable processing costs / Number of invoices processed for period

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