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The Accounts Payable Management Benchmarking
Consortium™ is an association of companies whose members
conduct benchmarking studies to identify the best practices surrounding
Accounts Payable Management that improves the overall operations
of the members.
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Benchmarking is the most cost effective way
of introducing best practices to your organization.
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What is Benchmarking?
Benchmarking is a collaborative learning process
among a group of companies to focus on specific operating practices,
compare measures and results and identify improved processes within
their organizations.
Key Components
- Data gathering in the form of detailed surveys of measures
and processes;
- Identification of best performers; and
- Site visits to the best companies.
Benchmarking Looks at Best Practices
- Internally among divisions;
- Within the industry; and
- Outside the industry - “out-of-box”.
APMBC™ Mission
To
identify "Best in Class" accounts
payable management processes, which, when
implemented, will lead member companies to
exceptional performance.
APMBC™ Objectives
To conduct benchmarking studies
of important accounts
payable management processes.
To create a cooperative environment
where full understanding of the performance
and enablers of "best in class" accounts
payable management processes
can be obtained and shared at reasonable
cost.
To use the efficiency of the
association to obtain process performance
data and related best practices from accounts
payable management.
To support the use of benchmarking
to facilitate accounts
payable management process
improvement and the achievement of accuracy,
timeliness and efficiency.
APMBC™ Membership
The scope of APMBC™ membership
includes individuals who work in accounts
payable management in
major corporations.
Company membership will be considered with respect
to compliance with APMBC™ mission, goals and operating guidelines,
as well as, qualification of the organization within the scope of membership.
Participation in specific efforts will be optional
and open only to members with costs shared by the participants. Members
pay only if they join a specific study. Currently, membership in APMBC™ is
free. We reserve the right to review membership applications and to
make the final decision whether or not to accept any application. Consulting
firms are ineligible for membership.
APMBC™ Benefits
of Membership
Studies:
APMBC™ will identify
and present to members opportunities to
participate in Benchmarking studies on
various topics addressing issues of importance
to the accounts
payable management functions.
There are two types of Benchmarking studies provided:
Consortium studies are offered
to the membership as a whole with costs
divided.
Single company sponsored
studies addressing the interest of one
member company can be offered to other
selected members for no fee.
The association will also support accounts
payable management benchmarking
efforts:
Research - Access public
and private databases.
Identify study participants
- Top companies in accounts
payable management.
Collect data - Manage response
collection with the participants as a third
party.
Lead site visits - Structured
with best participants.
Roundtables:
Interest group roundtables
will be organized throughout the year.
Members will pay a nominal fee to join
real and virtual roundtable discussions
that address specific accounts
payable management processes.
Cost:
Currently, membership in APMBC™ is FREE! Costs
of studies are shared by the participants
Become
a APMBC™ Member
To become a
member of APMBC™, click below.
On-Line
sign up application
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