Three-way matching in accounts payable
Three-way matching is the accounts payable control that checks three documents agree before an invoice is paid: the purchase order (what was ordered, at what price), the receiving report or packing slip (what actually arrived), and the vendor invoice (what you're being billed). If quantities and prices match within your tolerances, the invoice is approved for payment; if not, it's held as an exception.
Two-way, three-way and four-way matching
- Two-way: invoice against purchase order. Common for services, where nothing is received.
- Three-way: adds the receiving record, catching billing for goods that never arrived.
- Four-way: adds an inspection record, for goods that must pass quality checks.
Why automate it
Matching by hand means pulling three documents for every invoice and comparing line by line. Automated matching reads the invoice, looks up the PO and receipt, compares them, and sends only the exceptions to a person. It catches overbilling and duplicate invoices and speeds up payment.
Tools for automated matching
- ABBYY FlexiCapture for Invoices captures header and line-item data, and when connected to your order database, lets the operator open the matching purchase order and confirm the data during verification.
- SimpleIndex reads PO numbers and totals from invoices and checks them against your database, which suits header-level matching for smaller AP departments.
See AP automation software for the whole process. Ask us how matching would work with your system, or call 865-637-8986.
Related
AP automation software -
Invoice approval workflow -
Order processing automation
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Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
efficiency and reduce
more…
Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
efficiency and reduce
more…
Fixed Form Only version of ABBYY FlexiCapture is no longer available. This record has been retained for maintenance and order history. Click Here for the current listing.
Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline
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Click on the link to find out more about this item. more…
Click on the link to find out more about this item. more…
Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
efficiency and reduce
more…
Click on the link to find out more about this item. more…
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ABBYY FlexiCapture for invoices
- ABBYY FlexiCapture for Invoices is an easy-to-use, intelligent software solution for processing invoices. It replaces labor-intensive data input tasks with transparent, manageable, efficient, and automated data capture based on smart document analysis and character recognition technologies.
- ABBYY FlexiCapture for Invoices is based on the powerful ABBYY FlexiCapture platform and includes additional functionality, pre-defined settings, validation rules, advanced database look-up and UI enhancements specifically tailored for processing invoices.
- ABBYY FlexiCapture for Invoices is a ready-to-go solution that is capable of
more…
Click on the link to find out more about this item. more…
Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
efficiency and reduce
more…
Click on the link to find out more about this item. more…
ABBYY FlexiCapture for invoices
- ABBYY FlexiCapture for Invoices is an easy-to-use, intelligent software solution for processing invoices. It replaces labor-intensive data input tasks with transparent, manageable, efficient, and automated data capture based on smart document analysis and character recognition technologies.
- ABBYY FlexiCapture for Invoices is based on the powerful ABBYY FlexiCapture platform and includes additional functionality, pre-defined settings, validation rules, advanced database look-up and UI enhancements specifically tailored for processing invoices.
- ABBYY FlexiCapture for Invoices is a ready-to-go solution that is capable of
more…
Click on the link to find out more about this item. more…
ABBYY FlexiCapture for invoices
- ABBYY FlexiCapture for Invoices is an easy-to-use, intelligent software solution for processing invoices. It replaces labor-intensive data input tasks with transparent, manageable, efficient, and automated data capture based on smart document analysis and character recognition technologies.
- ABBYY FlexiCapture for Invoices is based on the powerful ABBYY FlexiCapture platform and includes additional functionality, pre-defined settings, validation rules, advanced database look-up and UI enhancements specifically tailored for processing invoices.
- ABBYY FlexiCapture for Invoices is a ready-to-go solution that is capable of
more…
Click on the link to find out more about this item. more…
Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
efficiency and reduce
more…
Click on the link to find out more about this item. more…
ABBYY FlexiCapture for invoices
- ABBYY FlexiCapture for Invoices is an easy-to-use, intelligent software solution for processing invoices. It replaces labor-intensive data input tasks with transparent, manageable, efficient, and automated data capture based on smart document analysis and character recognition technologies.
- ABBYY FlexiCapture for Invoices is based on the powerful ABBYY FlexiCapture platform and includes additional functionality, pre-defined settings, validation rules, advanced database look-up and UI enhancements specifically tailored for processing invoices.
- ABBYY FlexiCapture for Invoices is a ready-to-go solution that is capable of
more…
Click on the link to find out more about this item. more…
ABBYY FlexiCapture for invoices
- ABBYY FlexiCapture for Invoices is an easy-to-use, intelligent software solution for processing invoices. It replaces labor-intensive data input tasks with transparent, manageable, efficient, and automated data capture based on smart document analysis and character recognition technologies.
- ABBYY FlexiCapture for Invoices is based on the powerful ABBYY FlexiCapture platform and includes additional functionality, pre-defined settings, validation rules, advanced database look-up and UI enhancements specifically tailored for processing invoices.
- ABBYY FlexiCapture for Invoices is a ready-to-go solution that is capable of
more…
Click on the link to find out more about this item. more…
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