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Rillion matches vendor invoices to internal or external purchase orders and goods receipts. Our Cascading PO Matching engine automatically matches hundreds of lines on a purchase order or invoice – saving you both time and money.
So what is PO matching exactly? PO matching (purchase order matching) refers to the process of comparing information on an invoice with documents such as the purchase order, goods receipts, and/or a contract.
“We needed a system that could match our growth. With Rillion, this is exactly what we have received.”
There are three different levels of PO matching: 2-way, 3-way and 4-way. These levels refer to how many supporting documents the invoice is matched against:
3-way PO matching is the most common and the ideal choice of internal control. The three parameters which are compared between the documents in accounts payable three-way match include:
Rillion’s PO matching software matches POs, invoices, and goods receipts efficiently. If an invoice matches a purchase order, it assumes the coding and approval from the order and can be sent directly to your ERP or accounting system for recording – without manual handling.
With business rules a procedure is implemented for invoices that do not match, and acceptable deviation levels are built in. Exceptions are routed to designated approvers in the approval workflow.
Rillion’s integrated AP three-way match automation is an innovative and efficient solution that minimizes workload and maximizes employee’s productivity. It matches invoices and purchase orders according to the variance rules you set.
What is a 3 way match?
3 way matching refers to the accounts payable process of matching an invoice to the corresponding purchase order and goods receipt.
What is PO invoice in accounts payable?
A PO invoice is an invoice that corresponds to a purchase order. PO invocies have to be matched to the corresponding purchase order and goods receipt.
What is non PO invoice in accounts payable?
A non PO invoice is a supplier invoice that has been received, but where there is no document (purchase order) confirming the goods/services that have been invoiced. It might be a phone order without written confirmation, a recurring subscription fee or any other ad hoc purchase. Non PO invoices are often referred to as “cost invoices”.
What is invoice matching?
Invoice matching is the process where an invoice or invoice lines are compared with an order document, such as a purchase order (PO), a contract or a delivery note/goods receipt.
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