What is Three-Way Invoice Matching?
What does 'Three-Way Invoice Matching' mean?
A control that compares a supplier invoice against the purchase order and the goods received note before payment is approved. If the quantity, price and receipt do not agree across all three documents, the invoice is held as an exception for someone to investigate. It stops a business from paying for items it never ordered, never received, or was overcharged for.
List of software with Three-Way Invoice Matching functionality
About the reviewer
Rajat Gupta is the founder of Spotsaas. Over the past two years, he has reviewed 2,000+ tools across CRM, HR, AI, and finance — applying hands-on product research and a background in commerce and the CFA program to evaluate software through a business and ROI lens. His goal: help teams make software decisions they won't regret.
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].