3 Way Matching in Accounts Payable │ Rillion

Learn about the benefits of automated 3 way matching in accounts payable. Read more on https://www.rillion.com/3-way-match/ WHAT IS 3 WAY MATCHING IN ACCOUNTS PAYABLE? Accounts payable three way match relates to the matching of vendor invoices against purchase orders and goods receipt notes. Three way match differs from two way match in the sense that two way match only matches the invoice against the underlying purchase order. INVOICE MATCHING SOFTWARE Manual matching of vendor invoices to purchase orders, also called PO matching, is a tedious and time-consuming task, generally performed by the accounts payable function within an organization. That’s why companies often want to automate this task, using an invoice matching software. SAVE TIME WITH AUTOMATED PO MATCHING When ap three way match is automated using a software, you will free up time in the accounts payable team – time that can be used on more value adding work. For a growing company, automated 3 way matching in accounts payable could mean processing higher volumes of vendor invoices, without adding head count in the Finance team. With the right software for accounts payable three way match, hundreds of invoice lines can be matched in few seconds. Imagine the time you will save! AVOID MANUAL ERRORS When using an invoice matching software, the risk of manual errors is reduced. With a software for accounts payable three way match, most invoices are handled without manual touch. Only deviations need to be reviewed and processed by the organization. Watch the video and see how automated ap three way match works! RILLION AP AUTOMATION At Rillion, we provide accounts payable automation (AP Automation) to organizations in over 50 countries worldwide. Our AP Automation software handles the full AP process for our customers. This includes: Automated invoice capture Digital approval workflows AI-assisted coding Automated PO matching with advanced 3 way match Purchase requisition automation for indirect spending Digital invoice archive and full audit trail ERP connection More than 95% of Rillion customers feel that the platform fulfills expectations and consider Rillion to be a worthwhile investment, noting its ease of use and great support. Find out for yourself how we can make your job easier! https://www.rillion.com/ #3waymatchinginaccountspayable #accountspayablethreewaymatch #POmatching #apthreewaymatch #invoicematchingsoftware #POmatching