Invoice Matching

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What Is the Three-Way Match? The three-way match is a common method of handling invoices that are based on purchase orders. To complete the match, you compare the PO, the receiving documents, and the

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Getting to the Source of the Problem

Anirban De made it his mission to determine both what was holding up the invoices and why they were aging. He asked the following questions:

    • Was AP
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What do you do when employees in your organization who are authorized to enter requisitions are not following company policies and procedures? That's a challenge that accounts payable clerk Ronny

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By Pam Miller, APMD Over the last few years, it seems as though there has been an explosion in the number of vendors who want to deliver their invoices to AP via a PDF attachment to an e-mail. In a… Read More

Most of us know the conventional wisdom that you have to spend money in order to make money. As all accounts payable departments know, however, there is more to it than that. You also have to spend

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Waiting for an invoice to be approved can test the patience of any AP professional. After all, who knows better than AP how tardy approvals can hold up the entire payment process?

Not only does AP

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By Pam Miller, APMD The three-way match is a commonly used technique for determining whether a PO-based invoice should be paid as received or an adjustment should be made. The three documents that

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Some invoice types are exceptions by definition. They force an inefficient process by their very nature. They also increase account payable"s average cost to process an invoice in direct proportion

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In order to keep duplicate payments from getting out the door, you will need to use every available means to hunt them down and stamp them out! Out-of-the-Box Techniques Miss the Targets While most

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Increasing the number of matching invoices, purchase orders, and receivers is a surefire way to increase efficiency in AP. Unfortunately, the people who can do the most to increase the match rate do

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