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Benchmarking AP for Pharmaceutical & Biotechnology Companies

Benchmarking AP for Pharmaceutical & Biotechnology Companies

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Pharmaceutical and biotechnology (biopharma) businesses are required to stay on the cusp of medical innovation. But for an industry so dedicated to creating and providing the next greatest medicinal breakthroughs, the same enthusiasm doesn’t translate to innovating their financial practices.

In this benchmarking report, we evaluate the 5 key performance indicators (KPIs) and benchmarks being achieved by biopharma companies using Basware to automate their accounts payable (AP) processes. 

Download now and learn how by automating and digitizing AP operations, firms can:

  • Increase auto-matched invoices up to 93.59%

  • Improve average invoice cycle times to 3.02 days

  • Increase the number of invoices paid on time to 78.03%

  • Get 99.82% of your spend under control