Overview:
Similar to Verified 3-Way Matching, but enhanced through automation for greater efficiency and accuracy.
Automated 3-Way Matching is designed to streamline the purchasing validation process by matching items across purchase orders, invoices, and receipts. This feature ensures accuracy and efficiency, reducing the risk of discrepancies and financial losses.
Key Features:
Two-Way and Three-Way Matching: Automates both two-way and three-way matching processes, ensuring all transactions are thoroughly vetted.
Variance Alerts: Identifies and flags variances in unit cost and received quantity, providing immediate notifications to address potential issues.
Benefits:
Enhanced Accuracy: Reduces errors by automating the matching process, ensuring all purchase transactions are consistent and accurate.
Improved Efficiency: Saves time and resources by automating the validation process, allowing staff to focus on more strategic tasks.
Proactive Issue Resolution: Immediate alerts for variances enable quick corrective actions, minimizing financial discrepancies and improving overall financial health.