PRODUCT
Invoice cycle time
Invoice Cycle Time refers to the duration it takes from the receipt of an invoice to its processing and approval for payment.
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The average time for an Invoice lifecycle
KPI Definition
Invoice cycle time refers to the duration it takes from the receipt of an invoice to its processing and approval for payment within an organization's financial systems
Business Value
The Invoice cycle time is used by a business to evaluate the time it takes on average to complete an invoice cycle
Movement Direction
Sample Formula
AVG (Invoice_Payment_Date - Invoice_Issue_Date)
