Invoice Matching

One of the most important tasks in the invoice payment process is the concept of matching the information on the invoice (or substitute document) with information that backs up or supports the… Read More

Q. I'm looking for benchmark data on OCR accuracy for Accounts Payable. 1. Is the OCR tool managed… Read More

Q. I have a vendor who is insistent upon submitting proforma invoices. Are these generally OK to… Read More

Accounts payable departments can have the best-designed processes in the world, but without ongoing process management, AP cannot function at optimum performance levels. The consequences can be… Read More

Q. We are trying to pay an invoice to a bookkeeping service through accounts payable. What are the… Read More

Q. Should a PO change notice process be in place for handling invoice exceptions? Should AP be… Read More

These comments were compiled from an online discussion conducted by IOFM with the Advisory Panel on April 8, 2020. Lynn Tate, APM, Accounts Payable and Expense Report Analyst, Urban Science… Read More

Q. Is there a best practice for automating the matching of an invoice line directly to a Receiving… Read More

Q. When AP receives an invoice and it's not received, should Purchasing follow up with receiving… Read More

Q. Do you have any material on in-sourcing invoice processing utilizing Robotic Process Automation… Read More