Three way match invoice processing procedures are a vital part of business operations, designed to ensure accuracy in payments. In simple terms, a three way match is the process of matching the purchase order, delivery details and the invoice for each item purchased. This helps to safeguard against errors or discrepancies in invoices, ensuring that payments and receipts are kept in line with agreements. By confirming that all three documents agree on details such as quantity, price and product description, businesses can save both time and money by avoiding disputes and reducing the risk of fraud or non-payment.