The ABCs of Matching and Its Critical Role in Invoice Processing

One of the most important tasks in the invoice payment process is the concept of matching the information on the invoice (or substitute document) with information that backs up or supports the payment. Ideally, this backup information is something tangible, such as a purchase order (PO), contract, deal memo, or rate card—along with a document that says the goods or services have been received. But no matter how it is accomplished, a matching process has to take place. Here are some best…