The official business definition of 3 Way Match Automation is a process that automates the process of matching invoices, purchase orders, and receiving documents. This process helps to reduce the amount of time and resources needed to manually match these documents, as well as reduce the risk of errors and discrepancies. With 3 Way Match Automation, all three documents are matched automatically and any discrepancies are flagged and reported. This automation helps to streamline the entire accounts payable process, making it more efficient and cost-effective. Additionally, it helps to reduce the risk of fraud and errors, as all documents are matched and checked for accuracy. This automation also helps to ensure that all payments are made on time and that the company is compliant with any applicable regulations. Overall, 3 Way Match Automation is an invaluable tool for businesses, as it helps to improve efficiency, reduce costs, and ensure compliance.
