Remove Duplicate Remove Request for Payment Remove Rules
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What is PO Matching? And how to automate it?

Nanonets

Errors at the start of the invoice processing workflow can snowball into serious outcomes such as over-payment, incorrect payments, invoice duplication, etc. Data recognition: The recognition and categorization of the captured data into types either through rule-based classification or by machine learning algorithms.

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The Accounts Payable 3 Way Match: An In-depth Guide

Nanonets

By 3 way matching supporting documents, companies can detect duplicate, erroneous, or fraudulent payments to vendors. Invoices: An invoice is the vendor's request for payment in return for the delivered goods/services. It also details the payment method, payment schedule and credit policies (if any).

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Employee Purchase Cards: Reducing the Spend and Risk

FICO

Often suppliers will take labor-intensive administrative efforts like submitting bids, preparing specialized invoices, submitting a request for payment, and waiting 30-45 days to be paid, into consideration when setting a price. Split purchases, where a single transaction is split into multiple transactions to bypass procurement rules.

Risk 53