3-way matching: The Pitfalls and Pros

Have you ever considered how much manual invoice processing is costing your company? One of the foremost challenges faced by Accounts Payable teams is the manually intensive task of 3-way matching. This process becomes even more cumbersome if companies still receive paper invoices. Costs escalate exponentially when details do not match, leading to an error-prone process that impacts your bottom line.

What if an AI-powered automated solution could not only streamline 3-way matching but also reduce costs, improve team productivity, and enhance invoice processing by:

• Providing real-time visibility into the status of invoices and related documents
• Enhancing security by alerting to duplicate invoices and verifying bank details to prevent fraudulent payments
• Accelerating invoice processing by directly integrating with your financial software.
• Increasing transparency through a detailed audit trail and ensuring compliance.
• Enabling verification requests across departments, not just within accounts payable.

Gain valuable insights from the experts at the Symtrax UK team in this upcoming masterclass hosted by the Accounts Payable Association. This session will explore the common challenges AP teams face when performing 3-way matching and how to solve them best.