three-way match rate

The AP KPIs That Actually Matter for Construction Companies (And the Ones You Can Safely Ignore)

Most AP KPI lists come from general AP literature — invoice processing cost, DPO, straight-through rate — and apply awkwardly to construction. The KPIs that matter for construction AP are different: lien waiver compliance rate, three-way match rate, job cost accuracy, approval cycle time, and several others that reflect the specifics of building-industry payment cycles. A focused dashboard of 8-10 KPIs tells you far more than a 30-metric report that nobody reads.