Intelligent & Automated PO Matching (2-way and 3-way)
Vision360 Enterprise AP Automation leverages a powerful purchase order matching engine that performs PO matching tasks much like a human would. Invoices are matched electronically using a rules based engine that compares invoices, purchase orders and receivers to achieve straight through processing to gain process efficiencies and savings.
Match PO's, invoices and goods receipts efficiently!
If an invoice matches a purchase order, it assumes the coding and approval from the order and can be sent directly to your ERP for payment without manual handling.
When purchase order invoices 3-way match, perfect! But what about invoice that don't match? According to a recent study of more than 200 companies using purchase orders it was found that on average 1-in-3 invoices don't match correctly causing, exception invoices.
Exception invoices require an enormous amount of manual intervention, back and forth between accounts payable staff and buyers as well as can cost an organization up to 10 times more to process that an invoice that process straight through.
With Vision360 Enterprise powerful rules based invoice processing engine exception invoices can be automatically routed to the appropriate buyer for review and correction without the need to burden the accounts payable staff with non-essential tasks associated with processing exceptions and eliminating the manual tasks.
Vision360 Enterprise makes 2-way, 3-way and 4-way matching a breeze for organizations of all sizes.