Automated Purchase Order Match Solutions
iPayables works with your purchasing system to create a seamless procurement experience for suppliers. iPayables integrates with most purchasing systems (SAP, PeopleSoft, Oracle, Great Plains, etc.) to deliver purchase orders electronically to suppliers. Suppliers can view or print the purchase order and can send acknowledgments and advanced ship notices. With a simple click of the mouse the purchase order is flipped into an invoice (PO Flip) and the advanced two and three-way match functionality validates the invoice (PO Matching). PO Classes are used to apply the specific two or three-way matching, tolerance and validations specific to that purchase order.
Electronic purchase order delivery and two / three-way match, dramatically reduce the paper and the effort required for these time consuming tasks. Suppliers gain peace of mind knowing that an invoice is not going to get stuck in a purchase order match exception pile. It all leads to a fast, efficient process. How fast? Invoice to PO matching (two-way match) occurs in real time and receiving-to-purchase order matching (three-way match) occurs nightly. Most purchase order invoices are ready to pay the day after the invoice is submitted. This leads to incredible opportunities in discount capture.