B2BE’s Three-Way Matching solution provides full control over accounts payable processes by automating the matching of supplier invoices with purchase orders and goods receipts. The system uses intelligent AI-driven matching to eliminate errors during pre-processing and manage anomalies between purchasing and supplier invoicing practices. This ensures high line match rates and minimizes manual intervention, allowing AP teams to focus only on exceptions.

Features

• AI-Powered Matching Engine: Uses intelligent algorithms to match invoices with purchase orders and goods receipts, identifying and resolving discrepancies automatically.
• Exception Handling: Allows manual intervention for balancing, querying, or rejecting invoices when necessary.
• Line-Level Matching: Maximizes line match rates to ensure invoice accuracy and reduce processing time.
• Pre-Processing Error Elimination: Detects and resolves anomalies before invoices enter the approval workflow.
• Accounts Payable Integration: Seamlessly integrates with B2BE’s AP workflows for end-to-end automation.
• Flexible Configuration: Supports custom matching rules and workflows tailored to organizational needs.

Benefits

• Increased Accuracy: Reduces errors and ensures suppliers are paid the correct amount.
• Efficiency Gains: Automates routine matching tasks, freeing AP teams to focus on exceptions.
• Reduced Processing Time: High line match rates accelerate invoice approval and payment cycles.
• Improved Compliance: Ensures adherence to procurement policies and financial controls.
• Scalability: Supports high volumes of transactions across diverse supplier networks.
• Cost Savings: Minimizes manual labor and error-related costs in invoice processing.