Matching invoices to purchase orders (POs) and receipts is a critical AP process to reduce risk. Matching item details line by line across documents is, however, time consuming and tedious. TRAILD's systematic 2&3-way matching fast tracks this process for you, eliminating hours of manual document chasing and checking.
TRAILD automatically compares invoice line item data to other critical documents in your ERP, such as the PO and receipt or packing slip, enabling a faster and more accurate reconciliation of your AP records.
If the data matches between the invoice and the corresponding PO or receipt (or the variance falls within your business' accepted threshold) the invoice can be auto approved. Auto approving streamlines matched low-risk invoices and reduces the load on approvers.
Variances above your business' accepted threshold are flagged and can be automatically assigned to the correct approvers for further investigation and resolution. Systematic matching helps highlight and correct errors and mistakes before making payment.
Matching invoices to POs and receipts is an important internal control, but when done manually, is very time consuming, with AP clerks searching for documents and then manually eyeballing each line item across 2 or 3 documents to compare and match. Systematic matching streamlines this process, eliminating hours of manual work per invoice matched.
Never overpay a supplier again with intuitive invoice matching flagging inaccurate invoices before payment. By systematically comparing supplier invoice amounts to goods receipts and POs, you can ensure your company only pays for what was received.
Matching invoices adds an extra layer of protection to business payments, with invoice data verified against POs and receipts, helping to reduce risks of fraud.
TRAILD’s systematic PO matching has completely streamlined my accounts payable and payments processes! It’s faster and more automated than I could have ever imagined.
TRAILD has made our AP process incredibly efficient and secure, saving hours in manual processing and helping me identify the high risk payments that need further review
TRAILD has streamlined our Accounts Payable process. By automatically approving invoices that three-way match, our team can focus on handling the exceptions TRAILD flags faster
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