

Turnaround Time, or TAT, refers to the total time taken to complete a specific process, from initiation to final outcome, such as payment settlement, reimbursement, or approval.
TAT is commonly measured for:
Shorter TAT improves efficiency and satisfaction.
Long turnaround times delay cash flows, frustrate stakeholders, and increase operational costs. Businesses track TAT to identify bottlenecks and improve process efficiency.
Improved TAT leads to faster settlements, happier employees and vendors, and smoother financial operations.