CCBA · Question #488
For a new account payable (AP) solution, the solution owner has provided the business analyst (BA) with goals the AP management team would like the solution to support. To ensure the solution meets th
The correct answer is B. "The solution will report the average number of days an account payment is outstanding". "The solution will report the average number of days an account payment is outstanding" is an example of a key performance indicator (KPI). A KPI is a measurable value that demonstrates how effectively an organization or a solution is achieving its key business objectives or goal
Question
For a new account payable (AP) solution, the solution owner has provided the business analyst (BA) with goals the AP management team would like the solution to support. To ensure the solution meets these needs, the BA documents key performance indicators (KPIs). Which of the following is an example of a KPI?
Options
- A"The solution will send payment notification to the account holder after successful processing"
- B"The solution will report the average number of days an account payment is outstanding"
- C"The solution will reduce the payment processing time from three days to two days"
- D"The solution will enable account holders to make account payments via a web form"
How the community answered
(62 responses)- A3% (2)
- B74% (46)
- C15% (9)
- D8% (5)
Explanation
"The solution will report the average number of days an account payment is outstanding" is an example of a key performance indicator (KPI). A KPI is a measurable value that demonstrates how effectively an organization or a solution is achieving its key business objectives or goals. KPIs can help to monitor and evaluate the performance of a solution or an organization over time, identify areas of improvement, and support decision making. The average number of days an account payment is outstanding is a KPI that measures how well the AP solution supports the goal of timely payment processing.
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