On Time Invoice

On Time Invoice indicates that a vendor submits their invoices through the system in the expected timeframe of 30 days from completion of the Purchase Order.

Purpose / Metric Definition:

Measures whether the vendor submitted the first invoice within 30 days of the Purchase Order’s completion date. This metric reflects timeliness in billing and helps ensure financial workflows remain efficient.

Category:

Performance

Logic / Formula:

CASE
     WHEN DATEDIFF(DAY, PO.CompletionDate, Invoice.FirstSubmittedDate) <= 30 THEN 1
     ELSE 0
 END AS Performance_InvoiceTurnaround

Scoring Rules:

• 100% → First invoice submitted within 30 days of PO completion

• 0% → First invoice submitted after 30 days of PO completion

• Not Scored (NULL) → PO has not been invoiced

Links to Dashboards/Reports that use this metric:

• Vendor Scorecard