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Streamline Accounts Payable with Invoice Matching Software

Category: Blog   |   Tags: ,

How Document Automation Can Overcome the Challenges of 2/3 Way Matching Invoice matching is a fundamental function in any Accounts Payable process. The intent is to avoid overpaying, paying an incorrect amount and perhaps even fraudulent invoices. “Matching” is an activity that takes place during the invoice approval process. Invoices are matched to purchase orders (2 way matching), as well as receiving information (3 way matching), and comparisons are made regarding things like quantities, price per unit, payment terms, etc. If something doesn’t match a hold is placed on the invoice and payment will not be made until the issue … Continue reading