May 27, 2013, Melbourne, Australia – The KPI Institute, the global authority on Key Performance Indicators (KPIs) research and education announces the launch of a new report in its 2011-2012 edition of its popular Top 25 series of reports. The series is based on research conducted through www.smartKPIs.com, which contains over 20,000 Key Performance Indicator examples, making it the world’s largest source of thoroughly documented KPIs.

Accounting is an area concerned with the financial reports of an organization, having the role to support decision making and to offer financial information for stakeholders. In order to prepare these reports, the management has access to detailed information regarding the entity’s financial performance. Accounts payable and receivable represent the records on balances with the creditors and the debtors of the entity. KPIs enable analysis and control on transaction processing and meeting payment / receipting terms. (more…)