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3 Way Match Process

oboloo Glossary

3 Way Match Process

The 3 Way Match Process is an important business process that helps to ensure accuracy and accountability in financial transactions. It involves comparing the purchase order, goods receipt, and invoice to make sure that the goods and services received match the original order and that the invoice amount is correct. This process helps to reduce errors and fraud, as well as ensure that payments are made only for goods and services that have been received. It also helps to streamline the accounts payable process and ensure that payments are made on time. By implementing a 3 Way Match Process, businesses can ensure that their financial transactions are accurate and secure.

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