Definition
The process of verifying that an invoice, purchase order, and delivery receipt all agree before an invoice is approved for payment.
Cite this definition
"Invoice Matching", Infusion Business Intelligence Glossary, https://www.infusionbi.com/glossary/InvoiceMatching
Business Importance
Accurate invoice matching is the primary control that prevents duplicate payments, billing errors, and fraud in back-office finance operations.
Industry Examples
A three-way match confirming the invoiced quantity and price agree with both the original purchase order and the goods-received note.
Related Terms
Related Service
How Infusion BI delivers this:
Data Operations & Back-Office
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