Production Schedule Adherence

Measures the average time taken to process business expenses.

What it Measures ?

How long it takes to settle employee expenses.

Relevant StakeHolders 

HR, Finance Ops

Why it Matters ?

Tracks efficiency of expense claim processing.

In-depth Use Case / Real-world Example

Expense Processing Time tracks the average duration from when an expense is submitted until it is fully processed and paid. For instance, if a company receives expense reports from employees and takes 7 days on average to process and reimburse them, the expense processing time is 7 days. Reducing this time can improve employee satisfaction and ensure timely payment for vendors or suppliers. It also helps maintain a smoother cash flow, especially in businesses with frequent expense claims.