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Increase efficiency and ensure compliance along the purchase-to-pay process by 3-way matching invoices with purchase orders and item receipts synced from NetSuite — in one consolidated spend management platform.
As your business grows and manages more inventory, you need automated controls in place to ensure company spend is accurate and compliant. The problem is that verifying the details of a purchase is still performed manually, leaving you vulnerable to errors, invoice fraud, and unauthorized spending — resulting in financial loss.
Airbase allows you to streamline business spend and modernize your purchase-to-pay process with 3-way matching at the line-item level, allowing your teams to match, pay, and account for purchased goods while maintaining a complete audit trail.
Learn more about the basics of 3-way matching.
Benefits of Airbase 3-Way Match:
Ensure compliance with policies and regulations by reporting verifiable 3-way matched purchase order transactions in the GL.
How it works:
3-Way Match makes it simple and efficient to accelerate AP automation and ensure payment accuracy as your business scales.
- Airbase syncs the POs and receipts you create in NetSuite to give you full visibility into items already received and billed.
- Set rules for handling exceptions that allow you to bill more than the received quantity or dollar amount.
- Create bills fast. Airbase will automatically populate all relevant details captured from your vendor’s invoice, such as vendor name, PO number, and invoice amount.
- Airbase will automatically identify inconsistencies in invoices and highlight them before you process any payments.
- Perform a 3-way match between the PO, and receipts synced from NetSuite against the invoice you received in Airbase.
- View real-time accounting entries including the items and expenses for the bill, and automatically sync the 3-way matched PO transaction in NetSuite.
Use case example:
Enforce controls during billing in order to avoid overages and reduce financial risk while performing 3-way match in Airbase.
